Company: NHICW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042195
Chunk: 37

Company: NewHold Investment Corp. III
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 than is available from the proceeds held
in our trust account or because we become obligated to redeem a significant number of our public shares upon completion of the business
combination, in which case we may issue additional securities or incur debt in connection with such business combination. If we raise
additional funds through equity or convertible debt issuances, our public shareholders may suffer significant dilution and these securities
could have rights that rank senior to our public shares. If we raise additional funds through the incurrence of indebtedness, such indebtedness
would have rights that are senior to our equity securities and could contain covenants that restrict our operations. Further, as described
above, due to the anti-dilution rights of our founder shares, our public shareholders may incur material dilution. In addition, we intend
to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering and the sale
of the private units, and, as a result, if the cash portion of the purchase price exceeds the amount available from the trust account,
net of amounts needed to satisfy any redemptions by public shareholders, we may be required to seek additional financing to complete such
proposed initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our
working capital needs and transaction costs in connection with our search for and completion of our initial business combination. There
is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or
other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop
agreements we may enter into following consummation of this offering. Subject to compliance with applicable securities laws, we would
only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account.
In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing in
order to meet our obligations.

21

Off-balance sheet financing arrangements

As of March 31, 2025, we have no obligations, assets
or liabilities which would be considered off-balance sheet arrangements. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating