Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 105

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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 will be used as working capital to finance the operations of the target business or businesses, make
other acquisitions and pursue our growth strategies. 

As of September 30, 2025,
the Company had approximately $1,389,000 in cash. Further, the Company has incurred and expects to continue to incur significant costs
in pursuit of its financing and acquisition plans. In connection with the Company’s assessment of going concern considerations in
accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability
to Continue as a Going Concern,” as of September 30, 2025, the Company believes that it has sufficient funds for the working capital
needs of the Company until a minimum of one year from the date of issuance of these condensed financial statements. The Company cannot
ensure that its plans to consummate an initial Business Combination, or to raise additional capital, if necessary, will be successful.

We do not believe we will
need to raise additional funds following this offering in order to meet the expenditures required for operating our business prior to
our initial business combination. However, if our estimates of the costs of identifying a target business, undertaking in-depth due diligence
and negotiating an initial business combination are less than the actual amount necessary to do so, we may have insufficient funds available
to operate our business prior to our initial business combination. In order to fund working capital deficiencies or finance transaction
costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers
and directors may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would
repay such loaned amounts. In the event that our initial business combination does not close, we may use amounts held outside the Trust
Account to repay such loaned amounts but no proceeds from our Trust Account would be used for such repayment. Up to $1,500,000 of such
loans may be convertible into private units of the post business combination entity at a price of $10.00 per unit at the option of the
applicable lender. Such units would be identical to the private units. The terms of such loans, if any, have not been determined and no
written agreements exist with respect to such loans. Prior to the completion of our initial business combination, we do not expect to
seek loans from parties other than our sponsor or an affiliate of our sponsor