NewHold Investment Closes $201.25M IPO With Full Over-Allotment Exercise
NewHold Investment Corp IV raised $201.25 million through a 20.125 million unit IPO, including a 2.625 million–unit over-allotment exercised in full. Each unit comprises one Class A share plus one-third of a warrant exercisable at $11.50 after the company’s business combination.
1. IPO Closing
NewHold Investment Corp IV completed its initial public offering on April 16, issuing 20.125 million units at $10.00 each and raising $201.25 million. Underwriters exercised their full 2.625 million–unit over-allotment option to support the offering’s liquidity and stability.
2. Offering Structure
Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. Upon separation, only whole warrants will trade under the symbol NHIVW, with Class A shares trading under NHIV.
3. Warrant Terms
Whole warrants become exercisable 30 days after the SPAC completes its initial business combination, entitling holders to purchase one Class A share at $11.50 per share. No fractional warrants will be issued upon unit separation.
4. SPAC Focus and Leadership
NewHold Investment Corp IV is a Cayman Islands exempted SPAC led by CEO Kevin Charlton, President Samy Hammad and CFO Polly Schneck. The company will primarily pursue business combinations in the industrial and business services sectors.