NewHold Investment Corp. III (NHICU) Prices $175M IPO

NewHold Investment Corp. III (NASDAQ:NHICU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NHICU”, Friday, February 28, 2025.

The new SPAC aims to find a combination among the group of sectors it terms “Industry 4.0” including logistics, robotics, grid resiliency and environmental services.

The team is led by Chairman Thomas J. Sullivan, Executive Managers Charlie Baynes-Reid and Samy Hammad, Chief Executive Officer Kevin Charlton, and Chief Financial Officer Isobel Paola Schneck. Brian Mathis, Matt Yerbic, Phil Horlock, Scott Scharfman, and Suzy Teharian are to serve on its Board of Directors.

Total SPAC deal count for 2025 year-to-date is now 15. This offering is expected to close on Monday, March 3, 2025.

BTIG, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.