NewHold Investment Corp III announces business combination with Newcleo valued at ~$2.4B

NewHold Investment Corp. III

Pre-money equity value of Newcleo ~$2.4B; gross proceeds up to $429M from $220M PIPE + up to $209M trust cash.
PIPE of $220M committed at $10/share (22M shares), anchored by strategic and institutional investors.
Combined company to list on Nasdaq under 'NWCL'; transaction expected to close in H2 2026.
Newcleo develops lead-cooled fast reactors (LFRs) and mixed-oxide (MOX) fuel from reprocessed nuclear materials.

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