Nasdaq Lists $175M NewHold SPAC IPO and Cuts QQQ Inclusion to 15 Days
Nasdaq will list NewHold Investment Corp IV’s 17.5 million-unit IPO at $10 per unit, raising $175 million with warrants exercisable at $11.50, trading under NHIVU, NHIV and NHIVW from April 15. A rule change cutting Nasdaq-100 inclusion to 15 days post-IPO is boosting Invesco QQQ inflows, and the exchange is reviewing Cambium Networks’ delisting appeal.
1. NewHold Investment Corp IV IPO Pricing
Nasdaq’s Global Market tier will list NewHold Investment Corp IV’s initial public offering of 17.5 million units at $10 each, generating $175 million in proceeds. Each unit includes one Class A ordinary share and one-third of a warrant, with full warrants exercisable at $11.50 starting 30 days after the SPAC’s business combination, trading under NHIVU, NHIV and NHIVW symbols from April 15.
2. Nasdaq-100 Inclusion Rule Change
The exchange shortened the window for IPOs to join the Nasdaq-100 index to just 15 days from the previous 12+ months, accelerating eligibility for new listings. This revision is expected to drive additional inflows into Invesco QQQ Trust as high-profile IPOs like SpaceX, OpenAI and Anthropic can be included almost immediately post-offering.
3. Cambium Networks Delisting Appeal
Cambium Networks has filed an appeal against Nasdaq’s decision to delist its ordinary shares from the Global Market tier. The appeal underscores the exchange’s regulatory oversight process and could set precedents for listing and compliance standards moving forward.