Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 16

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 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 per share of ordinary shares is calculated by dividing the net income 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 per
share after allocating income between the shares based on outstanding shares:

    Three months ended 
June 30, 
2025  
    Six months
ended
June 30, 
2025 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Numerator: 

    Basic and diluted net income per share of ordinary shares: 

    Allocation of income – basic and diluted 
    $1,429,000  
    $459,000  
    $1,533,000  
    $748,000 
  
    Denominator: 

    Basic and diluted weighted average share of ordinary shares: 
     20,905,100  
     6,707,663  
     13,744,000  
     6,707,663 

    Basic and diluted net income per share of common stock 
    $0.07  
    $ 0.07  
    $0.11  
    $0.11 

Income Taxes

The Company accounts for income taxes under ASC
Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income
taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets
and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods
in which the differences are expected