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

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
 the extended transition period and comply with the requirements that apply to non-emerging growth companies
but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means
that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging
growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison
of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth
company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting
standards used.

Use of Estimates

The preparation of the financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the condensed financial statements.

Making estimates requires management to exercise
significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances
that existed at the date of the condensed financial statements, which management considered in formulating its estimate, could change
in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid instruments
with original maturities of three months or less when acquired to be cash equivalents. The Company had approximately $1,389,000 and $55,000,
respectively, invested in cash equivalents (money market funds) as of September 30, 2025 and December 31, 2024.

The Trust Account

The funds in the Trust Account are to be invested
only in U.S. government treasury bills with a maturity of one hundred eighty-five (185) days or less or in money market funds
that meet certain conditions under Rule 2a-7 under the Investment Company Act of 1940 and that invest only in direct U.S. government
obligations and may at any time be held as cash or cash items, including in demand deposit accounts at a bank. Funds will remain in the
Trust Account until the earlier of (i) the consummation of the initial business combination or (ii) the distribution of the
Trust Account proceeds as described below. The remaining proceeds outside the Trust