Company: NHICW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042195
Chunk: 51

Company: NewHold Investment Corp. III
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 51
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ed company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as
our initial business combination. However, our management team
had been actively in discussions with potential business combination partners in their capacity as officers of NewHold Investment Corp.
I (“NHIC I”) and NewHold Investment Corp. II (“NHIC II”), and we may pursue business combination partners that
had previously been in discussions with NHIC I or NHIC II’s management teams. We may pursue an initial business combination
in any business or industry. We intend to effectuate our initial business combination using cash from the proceeds of the Initial Public
Offering and the private placement of the Private Placement Units (as defined below), the proceeds of the sale of our shares in connection
with our initial business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the
consummation of the Initial Public Offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders
or the owners of the target, or a combination of the foregoing.

On March 3, 2025, the Company completed (i) its Initial Public Offering
of 20,125,000 units (the “Units”) at an offering price of $10.00 per Unit, including the exercise in full by the underwriter
of an option to purchase up to 2,625,000 Units at the offering price to cover over-allotments and (ii) a private placement of 780,100
Units (the “Private Placement Units”) with NewHold Industrial Technology III LLC and the underwriter in the Initial Public
Offering at a price of $10.00 per Unit (or $7,801,000 in aggregate). Each Unit consists of one Class A ordinary share, par value $0.0001
per share (the “Class A ordinary shares”), of the Company, and one-half of one redeemable warrant (each, a “Warrant”)
of the Company, with each whole Warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share.

The net proceeds from the Initial Public Offering, together with certain
of the proceeds from the sale of the Private Placement Units, totaling $202,256,000 in the aggregate, were placed in a trust account