Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 65

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 ordinary shareholders by the weighted average number of shares of ordinary shares outstanding during
the period plus, to the extent dilutive, the incremental number of shares of ordinary shares to settle Warrants, as calculated using the
treasury stock method.

The Company has not considered the effect of the
Warrants sold in the Offering and Private Placement to purchase an aggregate of 10,452,550 Class A ordinary shares in the calculation
of diluted income per share, since their inclusion would be anti-dilutive under the treasury stock method and are contingent on future
events. As a result, diluted income per share of Class A ordinary shares is the same as basic income per share of ordinary shares for
the period presented.

The Company has two classes of ordinary shares,
which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata among the two classes
of ordinary shares. Net income (loss) per share of ordinary shares is calculated by dividing the net income (loss) by the weighted average
number of shares of ordinary shares outstanding during the respective period. The changes in redemption value that are accreted to Class
A ordinary shares subject to redemption (see below) are representative of fair value and therefore is not factored into the calculation
of earnings per share.

The following tables reflect the net income (loss)
per share after allocating income between the shares based on outstanding shares:

    Three months ended  September 30,  2025  
    Nine months ended September 30,  2025 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Numerator: 

    Basic and diluted net income (loss) per share of ordinary shares: 

    Allocation of income (loss) – basic and diluted 
    $1,447,000  
    $464,000  
    $2,963,000  
    $1,229,000 
  
    Denominator: 

    Basic and diluted weighted average share of ordinary shares: 
     20,905,100  
     6,707,663  
     16,157,000  
     6,707,663 

    Basic and diluted net income (loss) per share of common share 
    $0.07  
    $0.07  
    $0.18  
    $0.18 

Income Taxes

The Company accounts for income taxes