NewHold Investment Corp. II announced the pricing of its $175 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “NHICU” Thursday, October 21.
The new SPAC intends to partner with industrial technology businesses, with particular emphasis on those that align with several key themes commonly referred to as “Industry 4.0,” such as advanced robotics, IoT, SaaS models with machine learning, production rate additive manufacturing, and new energy technologies. NewHold Investment Corp. II is led by CEO Kevin Charlton, CFO Samy Hammad,Chairman of the Board of Directors Thomas J. Sullivan, Vice Chairman of the Board of Directors Charles Goldman, and COO Charles Baynes-Reid.
Total SPAC deal count for 2021 year-to-date is now 482. This offering is expected to close on Monday, October 25.
Stifel is serving as the sole book-running manager for the offering with Cabrera Capital Markets LLC, Maxim Group LLC, Siebert Williams Shank, and AmeriVet Securities as co-managers. Loeb & Loeb LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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