NewHold Investment Corp III (NHIC) is a blank check special purpose acquisition company incorporated as a Cayman Islands exempted corporation on August 13, 2024, formed to identify and complete a merger or similar business combination with one or more target businesses. It generates no operating revenue. Capital raised through its IPO, which closed March 3, 2025, is held in a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee, earning income on those invested funds until a business combination is completed. NHIC's stated acquisition focus is business-to-business industrial technology companies with stable revenue, proprietary products or intellectual property, and established competitive positions, though the filing notes no requirement to limit the search to that sector. The sponsor entity is NewHold Industrial Technology III LLC, a Delaware limited liability company. This is the third SPAC vehicle operated under the NewHold platform, following NewHold Investment Corp. and NewHold Investment Corp. II.
No products or commercial services. The company's sole activity is searching for and executing an initial business combination, targeting business-to-business industrial technology companies with proprietary products, market position, or intellectual property.
No operating revenue. Income is limited to earnings on funds held in the trust account pending completion of an initial business combination. General and administrative expenses are funded through sponsor notes and deferred compensation arrangements.
No customers. Target acquisition end markets are described as established business-to-business industrial sectors, with emphasis on high-growth industrial businesses as of the 10-K filed 2026-04-01.
Incorporated in the Cayman Islands. Trust account is U.S.-based. IPO closed March 3, 2025.
Source: SEC 10-K, filed 2026-04-01
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