NewHold Investment Corp III Announces $175M SPAC IPO

Nuclear Power
Nuclear Power
Initial Public Offering / IPO SPAC
Initial Public Offering / IPO SPAC

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NewHold Investment Corp III Prices $175 Million Initial Public Offering

New York, New York NewHold Investment Corp III (NASDAQ: NHICU), a newly formed special purpose acquisition company (SPAC), announced the pricing of its initial public offering of 17,500,000 units at $10.00 per unit. This offering aims to raise $175 million before deducting underwriting discounts and other offering expenses. The units are expected to commence trading on the Nasdaq Stock Market LLC (Nasdaq) under the ticker symbol NHICU starting February 28, 2025.

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About newcleo plc

newcleo is an innovative nuclear energy company developing AMRs cooled by liquid lead, and nuclear fuel from recycled nuclear waste, with the goal of delivering abundant, competitive, low-carbon energy. The Company was founded by physicist-entrepreneur Stefano Buono following the USD 3.9 billion sale of his previous venture – Nasdaq-listed nuclear medicine company Advanced Accelerator Applications – to Novartis. With over $80 million in revenue, other income, and financial income in 2024 including from its operating companies, approximately $780 million in private funding, and more than 900 highly skilled employees across Europe and the 6 United States, the Company has built a network of over 100 industry partnerships and supports its growth through the targeted acquisition and vertical integration of key companies in the nuclear supply chain. Visit www.newcleo.com.

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