Company: NHICW
Filing Date: 2025-02-20
Form Type: S-1/A
Source: 0001213900-25-015373
Chunk: 374

Company: NewHold Investment Corp. III
Filing Date: 2025-02-20
Form: S-1/A
Chunk 374
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 the Lock -up. Promissory Note — Related Party The Sponsor has agreed to loan the Company an aggregate of up to $350,000 to be used for a portion of the expenses of the Proposed Public Offering. The loan is non -interestbearing, unsecured and due at the earlier of the closing date of the Proposed Public Offering or the date on which the Company determines not to conduct an F-14 NewHold Investment Corp III
NOTES TO FINANCIAL STATEMENTS Note 5 — Related Party Transactions (cont.) initial public offering. The loan will be repaid out of the $750,000 of offering proceeds that has been allocated to the payment of offering expenses. As of December 31, 2024, the Company had borrowed approximately $240,000 under the promissory note. Administrative Services Agreement Commencing on the effective date of the Proposed Public Offering, the Company will enter into an agreement with the Sponsor or an affiliate to pay an aggregate of $40,000 per month for office space, utilities, and secretarial and administrative support. Working Capital Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into private placement units of the post Business Combination entity at a price of $10.00 per unit at the option of the lender. As of December 31, 2024, no such Working Capital Loans were outstanding. Note 6 — Commitments and Contingencies Risks and Uncertainties The United States and global markets are experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia -Ukraineconflict and the recent escalation of the Israel -Hamasconflict. In response to the ongoing Russia -Ukraineconflict, the North Atlantic Treaty Organization (“NATO”) deployed additional military forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries have announced various sanctions and restrictive actions against Russia, Belarus and related individuals and