NewHold Investment Corp III Unit(NHICU) - 2025 Q2 - Quarterly Report

Initial Public Offering - The Company completed its Initial Public Offering on March 3, 2025, issuing 20,125,000 units at $10.00 per unit, generating gross proceeds of $201,250,000[106]. - 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[107]. - The underwriters received a cash underwriting discount of $0.20 per unit, totaling $4,025,000, upon the closing of the Initial Public Offering[123]. Financial Position - As of June 30, 2025, the Company held cash of $1,567,000 and current liabilities of $190,000, with deferred underwriting fees payable amounting to $7,044,000[108]. - As of June 30, 2025, cash held in the trust account amounted to $205,054,000, which is to be invested in U.S. government treasury obligations or money market funds[114]. - The Company has approximately $1,762,000 of proceeds held outside the trust account available for operational expenses prior to the initial business combination[115]. - The Company does not have any long-term debt or capital lease obligations as of June 30, 2025[121]. Operational Costs - The Company incurred general and administrative costs of approximately $269,000 and $536,000 for the three and six months ended June 30, 2025, respectively[110]. - The Company entered into an Administrative Support Agreement, paying $40,000 per month for office space and administrative support[124]. Other Income - Other income for the same periods totaled approximately $2,157,000 and $2,817,000, primarily from interest earned on trust account assets[111].