NewHold Investment Corp IV closes $201.25M IPO and private placement, trust funded for business combination

NewHold Investment Corp IV

Closed IPO of 20,125,000 units at $10/unit, including full over-allotment exercise, raising $201.25M gross proceeds.
Completed private placement of 641,250 units at $10/unit to sponsor (440,000) and underwriter (201,250), raising $6.4M.
Net proceeds of $201.25M placed in trust account; company has 24 months until April 16, 2028 to complete initial business combination.
Balance sheet shows $2.0M cash outside trust for working capital and $7.0M deferred underwriting payable.

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