Welcome to our dedicated page for NewHold Investment III news (Ticker: NHIC), a resource for investors and traders seeking the latest updates and insights on NewHold Investment III stock.
NewHold Investment Corp III operates as a blank-check company formed as a Cayman Islands exempted company to pursue an initial business combination. Company news centers on its public offering of units, the related private placement, Nasdaq-listed securities, and the structure of Class A ordinary shares and redeemable warrants.
Recurring SPAC developments for NHIC include capital-structure disclosures, shareholder voting matters, redemption and deadline-extension topics, governance updates, and other events tied to the company’s search for a business combination.
NewHold Investment Corp. (NASDAQ: NHIC) and Evolv Technology will participate in three virtual investor conferences. Key events include:
- Cowen 49th Annual Technology, Media & Telecom Conference: June 3, 2021, featuring CEO Peter George and CFO Peter Faubert.
- Cowen Sustainability & Energy Transition Summit: June 9, 2021.
- Stifel Cross Sector Insight Conference: June 10, 2021.
The business combination between NewHold and Evolv is expected to close shortly after Q2 2021, pending customary conditions. Evolv, a leader in AI touchless screening, enhances security without compromising user experience.
NewHold Investment Corp. (NASDAQ: NHIC) has filed a registration statement with the SEC for its proposed business combination with Evolv Technology, a leader in AI touchless security screening. This follows a definitive agreement announced on March 8, 2021, which will result in Evolv becoming publicly traded. The transaction is expected to close in Q2 2021, pending customary conditions and shareholder approvals. NewHold intends to rename itself Evolv Technologies Holdings, Inc. and will trade under the new symbol 'EVLV'. Audited financials for 2019 and 2020 are included in the filing.
Evolv Technology and NewHold Investment Corp. have announced a merger agreement that will enable Evolv to become publicly traded under the ticker symbol 'EVLV' by Q2 2021. Evolv is recognized for its AI-enabled touchless security screening, capable of screening 3,600 individuals per hour, up to 70% cheaper than traditional methods. The merger is expected to provide approximately $470 million in gross proceeds from trust and PIPE investors to support product portfolio expansion and enhance market penetration. The combined company will hold an estimated enterprise value of $1.25 billion.