NewHold Investment Corp III closes $201.25M IPO and private placement; $202.26M in trust

NewHold Investment Corp. III

IPO of 20,125,000 units at $10.00/unit, including full over-allotment; gross proceeds $201,250,000.
Private placement of 780,100 units to sponsor (552,600) and BTIG (227,500) at $10.00/unit; $7,801,000 total.
Total trust account proceeds of $202,256,000 held in cash; $1,842,000 cash outside trust for working capital.
Audited balance sheet shows $204.3M total assets, $7.1M liabilities, $5.07M accumulated deficit.
Company has 24 months to complete an initial business combination; no target identified yet.

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