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New York-based NewHold Industrial Technology III LLC, a significant shareholder in NewHold Investment Corp. III (NASDAQ:NHIC), recently acquired a substantial number of shares and warrants in a private transaction. The acquisition involved 552,600 Class A Ordinary Shares and 276,300 warrants, purchased at a price of $10.00 per unit, culminating in a total investment of approximately $5.53 million.
This transaction was executed alongside the completion of NewHold Investment Corp. III’s initial public offering. Each unit acquired by the shareholder consists of one Class A ordinary share and one-half of one warrant. This strategic move by NewHold Industrial Technology III LLC reflects its ongoing commitment and confidence in the company’s future prospects.
The managing members of NewHold Industrial Technology III LLC, Samy Hammad, Polly Schneck, and Kevin Charlton, hold voting and investment discretion over the acquired shares. They have, however, disclaimed any beneficial ownership of the securities beyond their individual pecuniary interests.
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