NewHold Investment Corp. III (NHICU) Prices $175M IPO
by Nicholas Alan Clayton on 2025-02-27 at 5:38pm

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.

Recent Posts
by Nicholas Alan Clayton on 2025-03-28 at 8:21am

At the SPAC of Dawn The year’s first big IPO has arrived, and its wings have already been trimmed before it got out the gate. AI chip firm CoreWeave had been aiming to price at a range of $47 to $55 per share, which would have valued the company at $26.5 billion at the top...

by Nicholas Alan Clayton on 2025-03-27 at 8:18am

At the SPAC of Dawn Another day, another wave of trade war news as US President Donald Trump has announced fresh 25% tariffs on all imported automobiles on April 3 in addition to the new customs duties expected to come into force on April 2. These moves cut across a wide swath of SPAC target...

by Nicholas Alan Clayton on 2025-03-26 at 4:00pm

Armada Acquisition Corp. II has filed for a $200 million SPAC to combine with a fintech, SaaS or AI company with nearly the same team top-to-bottom that just completed its first SPAC combination in that space. The filing is Cohen & Company’s seventh of the year as left-lead underwriter and Northland Capital Markets is stepping in...

by Nicholas Alan Clayton on 2025-03-26 at 12:07pm

HCM II (NASDAQ:HOND) has entered into a definitive agreement to combine with nuclear reactor developer Terrestrial Energy at a pro forma equity value of $1.3 billion. Charlotte, North Carolina-based Terrestrial is developing unique molten salt nuclear reactors designed to generate enhanced heat outputs for industrial client processes. The combined company is expected to trade on...

by Nicholas Alan Clayton on 2025-03-26 at 8:17am

At the SPAC of Dawn Rain or shine, legal challenges for SPACs do not appear to be going anywhere. Cornerstone Research found this week that the number of securities class action lawsuit settlements increased +6% in 2024 and suits targeted at SPACs or de-SPACs represented 19% of this total. On the plus side, the median...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved