NewHold Investment Corp III's Exciting Path to Public Trading

NewHold Investment Corp III Sets the Stage for Its IPO

NewHold Investment Corp III, a special purpose acquisition company (SPAC), has recently captured attention by announcing the pricing of its initial public offering (IPO). The company is raising $175 million through the sale of 17,500,000 units, each priced at $10.00. This strategic move marks a significant moment in its journey as it prepares to trade on the Nasdaq Stock Market under the ticker symbol "NHICU" starting February 28, 2025.

Understanding the Offering Structure

Each unit in this IPO consists of one Class A ordinary share and one-half of one redeemable warrant. Upon completion of the merger or business combination, each whole warrant will allow the holder to purchase one Class A share at a price of $11.50. This offering intricately links the financial success of the SPAC to the performance of the merged entity, establishing a potential win-win for investors.

The Role of BTIG, LLC

BTIG, LLC takes the lead as the sole book-running manager for this offering. Their expertise in executing IPOs will be pivotal in ensuring that the deal runs smoothly and effectively connecting investors with NewHold’s vision. The offering also includes an option for the underwriter to purchase an additional 2,625,000 units to cover any over-allotments, demonstrating confidence in the demand for NewHold’s shares.

Closing Timeline and Market Regulations

The expected closing date for this offering is set for March 3, 2025, depending on customary closing conditions. For investors, it’s important to note that a registration statement relating to the securities has already been declared effective by the U.S. Securities and Exchange Commission (SEC). This step is crucial in the IPO process as it ensures compliance with regulatory standards, providing a level of trust for potential shareholders.

About NewHold Investment Corp III

NewHold Investment Corp III is on a mission to merge with businesses focused on industrial and business services. This diversified approach allows the SPAC to tap into various sectors, aiming for sustainable growth. Led by a seasoned management team, including Chief Executive Officer Kevin Charlton, President and Chief Operating Officer Samy Hammad, and Chief Financial Officer Polly Schneck, the company is well-positioned for successful acquisitions.

Pursuing Business Combinations

As a blank check company, NewHold is designed specifically for searching and completing acquisitions. With a keen focus on business service companies, NewHold plans to leverage its resources to unlock value and facilitate meaningful restructurings or enhancements in its acquisitions.

Contact and Investor Relations

For further inquiries, the company encourages potential investors or media representatives to reach out directly. Polly Schneck, the Chief Financial Officer, is available for questions at pschneck@newholdllc.com. Additionally, Amanda Tarplin manages investor relations and media contacts, reachable at amanda@tarplinconsulting.com.

Frequently Asked Questions

What is NewHold Investment Corp III?

NewHold Investment Corp III is a special purpose acquisition company (SPAC) designed for merging with businesses primarily in the industrial and business services sectors.

When is the IPO expected to close?

The closing of the initial public offering is anticipated on March 3, 2025, subject to customary conditions being met.

What are the trading symbols for the new shares?

Once the IPO is complete, the Class A ordinary shares and warrants will trade under the symbols "NHIC" and "NHICW" respectively.

Who is managing the IPO process?

BTIG, LLC is the sole book-running manager handling the IPO for NewHold Investment Corp III.

How can I contact investor relations?

Investors can reach out to Polly Schneck, CFO, at pschneck@newholdllc.com or Amanda Tarplin for media inquiries at amanda@tarplinconsulting.com.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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