Company: NHICW
Filing Date: 2025-01-02
Form Type: S-1
Source: 0001213900-25-000455
Chunk: 340

Company: NewHold Investment Corp. III
Filing Date: 2025-01-02
Form: S-1
Chunk 340
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 property, the founder shares will be released from the lock -up. The purchasers of the private placement securities have also agreed not to transfer, assign or sell any of the private placement securities, including the underlying shares and warrants (except in connection with the same limited exceptions that the founders’ shares may be transferred as described above), until 30 days after the completion of our initial business combination. Except in certain limited circumstances, no member of the sponsor (including the non -managingsponsor investors) may transfer all or any portion of its membership interests in the sponsor. For more information, see “Principal Shareholders — Restrictions Transfers of Founder Shares and Private Units.” Purchases of Private Units BTIG and/or their designees has also committed to purchase from us an aggregate of 175,000 private units (or 227,500 private units if the underwriters’ option to purchase additional units is exercised in full) at a price of $10.00 per private unit, for an aggregate purchase price of $1,750,000 (or $2,275,000 private units if the underwriters’ option to purchase additional units is exercised in full). The private units (including the private shares) will not be transferable, assignable or saleable until 30 days after the consummation of our initial business combination (except with respect to permitted transferees as described herein under “ Principal Shareholders — Transfers of Founder Shares and Private Units”). The purchase of the private units will take place on a private placement basis simultaneously with the consummation of this offering. Such private units will be considered underwriting compensation in connection with this offering. Such private units will be subject to lock -uprestrictions, as required by FINRA Rule 5110(e)(1), and may not be sold during the offering, or sold, transferred, assigned, pledged or hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities by any person for a period of 180 days from the date of effectiveness of the registration statement of which this prospectus forms a part or commencement of sales of the offering, except as provided in FINRA Rule 5110(e)(2). BTIG is entitled under the registration rights agreement to demand and “piggy -back” resale registration rights with respect to the private units and the component securities thereof. However, BTIG may not exercise its demand and “piggy -back” registration rights after five