Newhold investment corp iii announces pricing of $175 million initial public offering

New york, new york, feb. 27, 2025 (globe newswire) -- newhold investment corp iii (the “company”), a newly organized special purpose acquisition company formed as a cayman islands exempted company, today announced the pricing of its initial public offering of 17,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one class a ordinary share and one-half of one redeemable warrant. each whole warrant, which becomes exercisable 30 days after the completion of the company's initial business combination, will entitle the holder thereof to purchase one class a ordinary share at $11.50 per share. the units are expected to trade on the nasdaq stock market llc (“nasdaq”) under the ticker symbol “nhicu” beginning february 28, 2025. no fractional warrants will be issued upon separation of the units and only whole warrants will trade. once the securities comprising the units begin separate trading, the class a ordinary shares and the warrants are expected to be traded on nasdaq under the symbols “nhic” and “nhicw,” respectively.
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