NewHold Investment Corp. (NHICU) Prices $150M IPO


NewHold Investment Corp. (NHICU) Prices $150M IPO

Jul 30, 2020 INTEL by Kristi Marvin

NewHold Investment Corp. (NHICU), announced the pricing of their $150 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, July 31st, under the symbol Nasdaq: NHICU.

NewHold Investment Corp. intends to focus on businesses in the industrial technology sector and will be led by Kevin Charlton, as Chief Executive Officer.  Mr. Charlton will be joined by Thomas J. Sullivan, as Chairman of the Board of Directors.

Total SPAC deal count for 2020 year-to-date is now 54 with $21.8 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, August 4, 2020.

Stifel is acting as the sole book-running manager of the offering. I-Bankers Securities, Inc. is acting as co-manager of the offering. Loeb & Loeb LLP and Sidley Austin LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor.