secwatch.observer — SEC 8-K summary
======================================

Issuer:     NewHold Investment Corp. III (NHIC)
CIK:        0002043699
Form:       8-K
Filed at:   2026-05-27T13:07:18+00:00
Accession:  0001213900-26-061270
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2043699/000121390026061270/0001213900-26-061270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2043699/000121390026061270/ea0292097-8k425_newhold3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-061270

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer