{"url_path":"/sec/nhic/10-q/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/2043699/0001213900-26-058169-index.html","accession_number":"0001213900-26-058169","cik":"0002043699","ticker":"NHIC","issuer_name":"NewHold Investment Corp. III","edgar_url":"https://www.sec.gov/Archives/edgar/data/2043699/0001213900-26-058169-index.html","primary_entity_key":"0002043699","primary_entity_name":"NewHold Investment Corp. III"},"word_count":663,"has_tables":true,"body_markdown":"Item 1A. Risk Factors\n\n** **\n\nAs a smaller\nreporting company under Rule 12b-2 of the Exchange Act, we are not required to include risk factors in this Report. For additional risks\nrelating to our operations, other than as set forth below, see the section titled “*Risk Factors*” contained in our final\nprospectus for the Initial Public Offering filed with the SEC. Any of these factors could result in a significant or material adverse\neffect on our results of operations or financial condition. Additional risks could arise that may also affect our business or ability\nto consummate an initial Business Combination. We may disclose changes to such risk factors or disclose additional risk factors from time\nto time in our future filings with the SEC.\n\n \n\nChanges in international\ntrade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on our search for an initial Business\nCombination target or the performance or business prospects of a post-Business Combination company.\n\n \n\nThere have recently been\nsignificant changes to international trade policies and tariffs affecting imports and exports. Any significant increases in tariffs on\ngoods or materials or other changes in trade policy could negatively affect our search for a target and/or our ability to complete our\ninitial Business Combination.\n\n \n\nRecently,\nthe U.S. has implemented a range of new tariffs and increases to existing tariffs. In response to the tariffs announced by the U.S., other\ncountries have imposed, are considering imposing, and may in the future impose new or increased tariffs on certain exports from the United\nStates. There is currently significant uncertainty about the future relationship between the United States and other countries with respect\nto trade policies, taxes, government regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will\ncontinue or trade policies will change in the future.\n\n \n\nTariffs, or the threat\nof tariffs or increased tariffs, could have a significant negative impact on certain businesses (either due to domestic businesses’\nreliance on imported goods or dependence on access to foreign markets, or foreign businesses’ reliance on sales into the United\nStates). In addition, retaliatory tariffs could have a significant negative impact on foreign businesses that rely on imports from the\nUnited States, and domestic businesses that rely on exporting goods internationally. These tariffs and threats of tariffs and other potential\ntrade policy changes could negatively affect the attractiveness of certain initial Business Combination targets, or lead to material adverse\neffects on a post-Business Combination company. Among other things, historical financial performance of companies affected by trade policies\nand/or tariffs may not provide useful guidance as to the future performance of such companies, because future financial performance of\nthose companies may be materially affected by new U.S. tariffs or foreign retaliatory tariffs, or other changes to trade policies. The\nbusiness prospects of a particular target for a Business Combination could change even after we enter into a Business Combination agreement,\nas a result of tariffs or the threat of tariffs that may have a material impact on that target’s business, and it may be costly\nor impractical for us to terminate that Business Combination agreement. These factors could affect our selection of a Business Combination\ntarget.\n\n \n\nWe may not be able to\nadequately address the risks presented by these tariffs or other potential trade policy changes. As a result, we may deem it costly, impractical\nor risky to complete an initial Business Combination with a particular target or with a target in a particular industry or from a particular\ncountry. Consequently, the pool of potential target companies may be reduced, which could impair our ability to identify a suitable target\nand to complete an initial Business Combination. If we complete an initial Business Combination with such a target, the post-Business\nCombination company’s operations and financial results could be adversely affected as a result of tariffs or changes to trade policies,\nwhich may cause the market value of the securities of the post-Business Combination company to decline.\n\n \n\n23"}