NewHold Investment Corp. III (NHIC) Form 8-K — May 27, 2026
NewHold Investment Corp III (NHIC) has entered into a definitive business combination agreement with Newcleo Ltd., a private nuclear energy company, valuing the target at $2.35 billion. The transaction involves a series of mergers where Newcleo will become the surviving public entity, with NHIC shareholders receiving shares in the combined company. The deal is supported by $220 million in PIPE investments at $10.00 per share and includes non-redemption agreements for approximately 923,780 shares. Closing is subject to customary conditions, including shareholder approval, regulatory clearances, and a minimum cash requirement of $200 million after redemptions.
Key figures
- Deal Value Usd
- 2350000000
- Gross Proceeds
- 220000000
- Offering Price
- 10
- Shares Offered
- 22000000
- Nra shares count
- 923780
- Lockup period days
- 180
- Nra forfeiture count
- 92378
- Pipe price per share
- 10
- Minimum cash proceeds
- 200000000
- Lockup release threshold 1
- 12
- Lockup release threshold 2
- 15
- Lockup release threshold 3
- 18
- Minimum net tangible assets
- 5000001
- Sponsor forfeiture threshold
- 400000000
Price after filing
Close on the filing date to close N calendar days later (from $11.00). Historical, not a forecast.
AI analysis
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