Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 77

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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purchase Class A ordinary shares at a price less than the fair market value will be deemed a share capitalization of a number
of Class A ordinary shares equal to the product of (i) the number of Class A ordinary shares actually sold in such
rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable
for Class A ordinary shares) and (ii) the quotient of (x) the price per Class A ordinary share paid in such
rights offering and (y) the fair market value. For these purposes (i) if the rights offering is for securities convertible
into or exercisable for Class A ordinary shares, in determining the price payable for Class A ordinary shares, there will
be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or
conversion and (ii) fair market value means the volume weighted average price of Class A ordinary shares as reported
during the ten (10) trading day period ending on the trading day prior to the first date on which the Class A
ordinary shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such
rights.

18

Note 9 — Segment Reporting

In November 2023, the FASB issued Accounting
Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280); Improvements to Reportable Segment Disclosure”
which introduced new annual and interim disclosure requirements for all public companies.

As a Special Purpose Acquisition Company (“SPAC”),
the Company has not commenced any operations and its activities consist of seeking to identify a suitable business combination candidate
and to perform the diligence, contractual, reporting and other obligations associated with completing a business combination transaction.

For purposes of ASU 2023-07, the Company is considered
to operate in one segment, seeking to identify and close a business combination. As such, our expenses consist of the costs of identifying
a business combination candidate and the diligence, contractual, reporting and other obligations associated with completing such business
combination as well as expenses for ongoing professional and other costs to maintain our reporting, listing, compliance and administrative
requirements of being a publicly traded company. In addition to such expenses, the Company has over $205,000,000 of investments in Trust
and such investments generate interest or dividend income.

The new information required by ASU