Every 10-Q that NewHold Investment Corp III Units (NHICU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NHICU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NHICU filings page.
NewHold Investment Corp III, a Cayman Islands SPAC, reported a net loss of $3.345 million for the quarter and $2.641 million for the six months ended June 30, 2026, compared with net income in the prior-year periods. General and administrative expenses rose sharply to $5.216 million for the quarter, while interest income from the Trust Account contributed $1.871 million in other income for the quarter and $3.726 million year-to-date.
Total assets were $213.474 million, of which $212.934 million is held in the Trust Account backing 20,125,000 Class A ordinary shares subject to redemption at approximately $10.58 per share. Cash outside the Trust Account was $364,000, and NewHold reported negative working capital of about $6.272 million.
NewHold entered into a Business Combination Agreement on May 26, 2026 with NewCleo Ltd. and two merger subsidiaries, establishing a multi-step merger structure that would make NewHold a wholly owned subsidiary of Newcleo at closing. Concurrently, six shareholders agreed under Non-Redemption Agreements not to redeem an aggregate of 923,780 Class A shares in exchange for a potential issuance of 92,378 new shares. Management concluded that NewHold faces substantial doubt about its ability to continue as a going concern for one year due to limited cash, negative working capital, and the requirement to complete a business combination by March 3, 2027.
NewHold Investment Corp III, a SPAC, reported net income of $704,000 for the three months ended March 31, 2026, driven by $1.854 million of interest income on its trust and operating accounts, which more than offset $1.15 million of general and administrative expenses.
Total assets were $211.9 million, almost entirely the $211.1 million held in the trust account backing 20,125,000 redeemable Class A shares at about $10.49 per share. The company had a shareholders’ deficit of $8.1 million and a working capital deficit of about $1.1 million, with only $624,000 of cash outside the trust.
Management notes substantial doubt about the company’s ability to continue as a going concern because it must complete a business combination by March 3, 2027 or liquidate, and may need additional working capital loans from the sponsor or external financing to fund ongoing costs.
NewHold Investment Corp III is a Cayman Islands blank check company formed to complete an initial business combination. The company completed its IPO on March 3, 2025, including full exercise of the underwriters' overallotment, and raised proceeds placed in a trust account to be used for a business combination.
As of June 30, 2025, the Trust Account held $205,054,000 invested in money market funds; cash outside the trust was $1,567,000. The company reported interest income on the Trust Account of $2,157,000 and $2,798,000 for the three and six months ended June 30, 2025, respectively, producing net income of $1,888,000 and $2,281,000 for those periods.
The Company has no operating revenues and will not until a business combination closes. There are 20,125,000 Class A public shares subject to possible redemption (recorded at a redemption value of approximately $205,054,000), and 6,707,663 Class B founder shares outstanding. Management states available funds outside the trust are sufficient for working capital for at least one year from issuance of these condensed financial statements.