---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-061270"
form_type: "8-K"
ticker: "NHIC"
cik: "0002043699"
company_name: "NewHold Investment Corp. III"
filed_at: "2026-05-27T13:07:18+00:00"
generated_at: "2026-05-27T13:09:31.328832+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NewHold SPAC signs definitive agreement to merge with Newcleo at $2.35B equity value

## Summary
- Base equity value of Newcleo set at $2.35B; minimum total cash proceeds required at closing: $200M.
- SPAC sponsor to forfeit a portion of shares if trust cash proceeds are below $400M, subject to fees cap of $14M.
- Lock-up for sponsor and certain shareholders: 180 days; 50% released at closing, 25% each at $15 and $18 share price triggers.
- Closing condition: SPAC shareholder approval and net tangible assets of at least $5M; deal must close by Nov 27, 2026.
- PIPE investment to be raised alongside deal; Newcleo to re-register as UK public limited company.

## SEC filing metadata
- accession: 0001213900-26-061270
- form_type: 8-K
- ticker: NHIC
- cik: 0002043699
- company_name: NewHold Investment Corp. III
- filed_at: 2026-05-27T13:07:18+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2043699/000121390026061270/0001213900-26-061270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2043699/000121390026061270/ea0292097-8k425_newhold3.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-061270
- JSON: https://secwatch.observer/filing/0001213900-26-061270.json
- Plain text: https://secwatch.observer/filing/0001213900-26-061270.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.