Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 5

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 option is not exercised in full or in part by the underwriters (see Note 8).

(2)Share amounts at September 30, 2024 have been retroactively
restated to reflect to share recapitalization subsequent to September 30, 2024, in October 2024, that resulted in the issuance of an
additional 1,676,413 Class B ordinary shares in October 2024 (see Notes 5 and 8).

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

NEWHOLD INVESTMENT CORP III
CONDENSED STATEMENT OF CASH FLOWS

(UNAUDITED)

    Cash flows from operating activities 
    For the nine  months ended  September 30,  2025  
    For the period from August 13, 2024 (inception) through September 30,  2024 
  
    Net income (loss) 
    $4,192,000  
    $(38,000)
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities: 

    Income earned on investments held in Trust Account 
     (4,956,000) 
     — 
  
    Payment of general and administrative expenses through promissory note – related party 
     —  
     14,000 
  
    Payment of general and administrative expenses through issuance of Class B ordinary shares 
     —  
     9,000 
  
    Changes in operating assets and liabilities: 

    Increase in prepaid expenses 
     (185,000) 
     — 
  
    Increase in accounts payable 
     19,000  
     — 
  
    Increase in accrued expenses 
     115,000  
     15,000 
  
    Net cash used in operating activities 
     (815,000) 
     — 
  
    Cash flows from investing activities 

    Investment of cash into Trust Account 
     (202,256,000) 
     — 
  
    Net cash used in investing activities 
     (202,256,000) 
     — 
  
    Cash flows from financing activities 
        
     — 
  
    Proceeds from Sponsor Note 
     2,000  
     — 
  
    Repayment of Sponsor Note 
     (242,000) 
     —