Tue, May 13, 10:06 AM (42 days ago)
### NewHold Investment Corp III (NHICU) Q1 2025 Financial Summary **Ticker:** NHICU **Overview:** NewHold Investment Corp III (NHICU) is a blank check company incorporated in the Cayman Islands. The company completed its initial public offering (IPO) on March 3, 2025, raising $201.25 million from the sale of 20.125 million units. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Additionally, the company raised $7.801 million from the sale of 780,100 private placement units. **Financial Performance:** - **Revenue:** NHICU reported no operational revenue for the quarter, as it has not yet commenced any operations. - **Profit Margins:** The company reported a net income of $393,000 for the quarter, primarily driven by interest income from the trust account. - **Cash Flow:** NHICU had a net increase in cash of $1.707 million, with $1.762 million in cash and cash equivalents as of March 31, 2025. The company invested $202.256 million into the trust account. - **Earnings Changes:** The company's net income per share was $0.03 for both Class A and Class B ordinary shares. **Quarterly Performance Discussion:** - **Operational Activities:** NHICU's activities for the quarter were primarily focused on formation and the public offering. The company has not yet identified a target for its initial business combination. - **Trends:** The company's financial performance is heavily reliant on interest income from the trust account until it completes its initial business combination. - **Uncertainties:** NHICU faces uncertainties related to geopolitical instability, market volatility, and the ability to complete a business combination within the specified timeframe. **Future Operations Impact:** - **Business Combination:** NHICU aims to complete its initial business combination using the proceeds from the IPO and private placement. The company has until March 3, 2027, to complete this combination. - **Liquidity:** The company has sufficient funds for its working capital needs until at least one year from the date of the financial statements. However, it may need to raise additional capital if the costs of identifying a target business exceed expectations. **Key Metrics:** - **Total Assets:** $204.964 million - **Total Liabilities:** $7.230 million - **Shareholders' Deficit:** ($5.179 million) - **Cash and Cash Equivalents:** $1.762 million **Conclusion:** NHICU's financial health is currently dependent on the interest income from its trust account. The company's success will hinge on its ability to identify and complete a suitable business combination within the specified timeframe. Investors should monitor the company's progress in identifying a target and the potential impact of geopolitical and market uncertainties on its operations.