NewHold Investment Corp III-A(US:NHIC)2025-05-12 23:33Initial Public Offering - The Company completed its Initial Public Offering on March 3, 2025, issuing 20,125,000 units at an offering price of $10.00 per unit, generating gross proceeds of $201,250,000[108]. - The net proceeds from the Initial Public Offering and the private placement totaled $202,256,000, which were placed in a trust account for the benefit of public shareholders[109]. - The underwriters received a cash underwriting discount of $0.20 per unit, totaling $4,025,000, and deferred commissions of $6,125,000 payable upon completion of a business combination[125]. Financial Position - As of March 31, 2025, the Company held cash of $1,762,000 and current liabilities of $186,000, with deferred underwriting fees payable amounting to $7,044,000[110]. - As of March 31, 2025, cash held in the trust account was $202,913,000, to be invested in U.S. government treasury obligations or money market funds[117]. - The Company has not entered into any off-balance sheet financing arrangements or long-term liabilities as of March 31, 2025[122]. Costs and Expenses - General and administrative costs for the three months ended March 31, 2025, were approximately $267,000, primarily related to public reporting and administrative support[113]. - The Company expects to incur significant costs in pursuing its initial business combination, with no revenues generated to date[112]. - The Company does not anticipate needing to raise additional funds prior to its initial business combination, but may require additional financing if costs exceed estimates[119]. Other Income - Other income for the same period totaled approximately $660,000, including $657,000 earned in the trust account, which is generally not available for operations[114].