other material
confidence high
sentiment neutral
materiality 0.75
NewHold Investment Corp III closes $201.25M SPAC IPO, over-allotment fully exercised
NewHold Investment Corp. III
- Gross proceeds of $201.25M from selling 20.125M units at $10.00/unit, including 2.625M over-allotment units.
- Each unit comprises one Class A ordinary share and one-half warrant exercisable at $11.50 per share.
- Private placement of 780,100 units at $10/unit to sponsor (552,600) and BTIG (227,500), raising $7.8M.
- Total trust deposit of $202.26M; funds locked until initial business combination within 24 months.
- Units trade on Nasdaq under NHICU; shares (NHIC) and warrants (NHICW) expected to trade separately.