Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 24

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 Measurements,” for its financial assets and liabilities that are re-measured and reported at fair value at each reporting
period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.

Upon the closing of the Offering and the Private
Placement, a total of $202,256,000 was deposited into the Trust Account. The proceeds in the Trust Account may be invested in either U.S.
government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under
the Investment Company Act of 1940, as amended, and that invest solely in U.S. government treasury obligations.

At September 30, 2025 the balance in the Trust
Account was held in a money market fund meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended,
and that invest solely in U.S. government treasury obligations. The balance in the Trust Account is presented at fair value.

When it has them, the Company classifies its U.S.
government treasury bills and equivalent securities as held-to-maturity in accordance with FASB ASC 320, “Investments - Debt and
Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until
maturity. Held-to-maturity U.S. government treasury bills are recorded at amortized cost and adjusted for the amortization of discounts.
There are no held-to-maturity securities held by the Company at September 30, 2025.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2025 and indicates the fair value
hierarchy of the valuation techniques the Company utilized to determine such fair value. Since all of the Company’s permitted investments
at September 30, 2025 consisted of money market funds that invest only in U.S. government treasury bills, fair values of its investment
are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets or liabilities as follows:

    Description at September 30, 2025 
    Quoted Price Prices in Active Markets (Level 1) 
  
    Assets: 

    Money market funds 
    $207,212,000 

15

Note 7 — Commitments and Contingencies

Risks and Uncertainties

The United States and global markets are