Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 7

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
 the Company had not
commenced any operations. All activity for the period from August 13, 2024 (inception) through September 30, 2025 relates to the
Company’s formation and the Public Offering (as defined below) and, subsequent to the Offering, identifying and completing a suitable
Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination,
at the earliest. The Company will generate non-operating income in the form of interest income on investments from the proceeds derived
from the Public Offering (as defined below). The Company has selected December 31 as its fiscal year end.

All dollar amounts are rounded to the nearest
thousand dollars.

Sponsor and Offering

The Company’s Sponsor is NewHold Industrial
Technology III LLC (the “Sponsor”). The Company intends to finance its Initial Business Combination with proceeds from
the Offering of $201,125,000 of Units (as defined below) (see Note 3) and a private placement of 780,100 of Private Placement
Units (as defined below) for an aggregate of $7,801,000 (see Note 4).

The registration statement for the Company’s
Initial Public Offering was declared effective on February 27, 2025. On March 3, 2025, the Company consummated the Initial Public Offering
(the “Public Offering” or “Offering”) of 20,125,000 units (the “Units” and, with respect to the shares
of Class A ordinary shares included in the Units being offered, the “Public Shares”), including the full exercise of
the underwriters’ overallotment option generating gross proceeds of $201,125,000, which is discussed in Note 3. Simultaneously with
the closing of the Initial Public Offering, the Company consummated the sale of 780,100 Private Placement Units (the “Private Placement
Units”) to the Sponsor at a price of $10.00 per Private Placement Unit, or $7,801,000 in the aggregate, which is described in Note
4. The underwriters had a 45-day overallotment option to purchase up to an additional 2,625,000 Units which was fully exercised.

Upon the closing of the Offering and private placement,
approximately $202,256,000 was placed in a trust account (the “Trust Account”).

Business Combination and Trust Account

The Business Combination must be with one or more
target businesses