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NHIC

NewHold Investment Corp III (NHIC)

$

10.38


Key metrics

Financial statements

Free cash flow per share

Free cash flow per share

-0.0297

Market cap

Market cap

286.6 Million

Price to sales ratio

Price to sales ratio

0

Debt to equity

Debt to equity

0

Current ratio

Current ratio

7.5311

Income quality

Income quality

-0.2691

Average inventory

Average inventory

0

ROE

ROE

0.0210



Technology

Technology

Technology – consumer electronics

Largecap

Largecap

With a market cap of 121,78 bil stock is ranked 1

Low risk

Low risk

ISS score of this stock is ranked 1


Company description

Profile

NewHold Investment Corp III does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in New York, New York.


News

NHIC

globenewswire.com

a year ago

NewHold Investment Corp III Announces the Separate Trading of its Ordinary Shares and Warrants Commencing April 17, 2025

New York, New York, April 10, 2025 (GLOBE NEWSWIRE) -- NewHold Investment Corp III (the “Company”) announced today that, commencing April 17, 2025, holders of the units sold in the Company's initial public offering completed on March 3, 2025 may elect to separately trade the Class A ordinary shares (the “Ordinary Shares”) of the Company and the warrants included in such units on The Nasdaq Global Market (“Nasdaq”).

NHIC

globenewswire.com

a year ago

NewHold Investment Corp III Announces Closing of $201,250,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option

New York, New York, March 03, 2025 (GLOBE NEWSWIRE) -- NewHold Investment Corp III (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the closing of its initial public offering of 20,125,000 units at an offering price of $10.00 per unit. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 2,625,000 units. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant, which becomes exercisable 30 days after the completion of the Company's initial business combination, will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are listed on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “NHICU”. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “NHIC” and “NHICW,” respectively.

NHIC

globenewswire.com

a year ago

NewHold Investment Corp III Announces Pricing of $175 Million Initial Public Offering

New York, New York, Feb. 27, 2025 (GLOBE NEWSWIRE) -- NewHold Investment Corp III (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its initial public offering of 17,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant, which becomes exercisable 30 days after the completion of the Company's initial business combination, will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “NHICU” beginning February 28, 2025. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “NHIC” and “NHICW,” respectively.

NHIC

prnewswire.com

a year ago

Rosen Law Firm Encourages Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. Investors to Inquire About Securities Class Action Investigation - EVLV, NHIC

NEW YORK , Oct. 31, 2024 /PRNewswire/ --  Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. (NASDAQ: EVLV, NHIC) resulting from allegations that Evolv may have issued materially misleading business information to the investing public. So What: If you purchased Evolv and/or NewHold Investment Corp. securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

NHIC

businesswire.com

3 years ago

NewHold Investment Corp. II Announces That it will not Amend its Charter

NEW YORK--(BUSINESS WIRE)--NewHold Investment Corp. II (“NHIC II” or the “Company”) (NASDAQ: NHIC, NHICU) announced today that while NHIC II shareholders approved the “Extension Amendment,” which would give the Company’s board of directors (the “Board”) the discretion to extend the date by which NHIC has to file a proxy with respect to a business combination from April 25, 2023 to June 25, 2023, and the “Termination Amendment,” which would give the Board the discretion to redeem all of its outstanding public shares and liquidate on December 28, 2022 in advance of the automatic termination date in the Company’s existing Certificate of Incorporation, the Board has decided not to effect either amendment. On December 24, 2022, NHIC II’s sponsor entered into an Excise Tax Backstop Agreement (the “Backstop Agreement”). Pursuant to the Backstop Agreement, the backstop party (the “Backstop Party”) committed to fund up to $1.0 million of any excise tax liability (the “Backstop Commitment”) in the event that the Company is subject to the 1% excise tax on stock repurchases under Section 4501 of the Internal Revenue Code, as enacted by the Inflation Reduction Act of 2022, in connection with the Company’s liquidation and dissolution if it is not able to complete a business combination. At this time, considering its strong pipeline of deal opportunities and the existence of the Backstop Agreement, the Board has elected to continue to search for an initial business combination in accordance with the Company’s existing Certificate of Incorporation and Investment Management Trust Agreement. For more information, please refer to the Current Report on Form 8-K filed by NHIC II with the Securities and Exchange Commission on December 27, 2022. About NewHold Investment Corp. II NewHold Investment Corp. II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search on target businesses in the industrial technology sector with an aggregate enterprise value of $700 million or greater. For more information please visit https://nhicspac.com. The information contained on, or accessible through, the Company’s website is not incorporated by reference into this press release, and you should not consider it a part of this press release.

NHIC

businesswire.com

3 years ago

NewHold Investment Corp. II Files Proxy Statement to Obtain Stockholder Approval to Either Extend or Liquidate

NEW YORK--(BUSINESS WIRE)--NewHold Investment Corp. II (“NHIC” or the “Company”) (NASDAQ: NHIC, NHICU) announced today that it has filed a proxy statement to seek stockholder approval to adopt two amendments to its Amended and Restated Certificate of Incorporation ("Charter"). The “Extension Amendment” would extend the date by which NHIC has to file a proxy with respect to a business combination from April 25, 2023 to June 25, 2023, and the “Termination Amendment” would give the Company the discretion to redeem all of its outstanding public shares and liquidate on December 28, 2022 in advance of the automatic termination date in its current Charter. While NHIC has some promising deal opportunities in its pipeline and continues to have discussions with these companies related to a potential transaction, challenging market conditions may impact its ability to announce a suitable merger by its deadline and therefore an extension may be necessary. In addition, it has been determined that there is a risk that shares redeemed after December 31, 2022 may be subject to the 1% excise tax imposed by the Inflation Reduction Act of 2022, in which case, absent guidance from the IRS prior to December 28, 2022, it may be in the best interest of the Company's stockholders to return cash in trust in 2022 if the Board of Directors determines that NHIC is unlikely to complete an initial business combination before its deadline. "After considering numerous factors, including current market conditions and the potential risk that any redemptions in 2023 in connection with a liquidation or a business combination would be subject to the excise tax, we determined that it would be in the best interest of NHIC shareholders that the Board of Directors has the option and ability to either extend the date by which NHIC has to file a proxy in relation to a business combination or to dissolve prior to December 31, 2022,” said Kevin Charlton, Chief Executive Officer, NewHold Investment Corp. II. “Despite market turbulence and overall difficult sentiment around SPAC transactions, we were able to quickly build a high-quality pipeline of opportunities since our IPO in October last year. Ultimately, market conditions and transaction structure uncertainty have so far prevented our most viable opportunities from moving forward, but we continue to work closely with targets to find a high-quality transaction. We continue to believe that the SPAC model provides certain companies with an efficient path to the public markets while also providing shareholders a compelling investment opportunity. NewHold prides itself on being a trusted steward of investor capital and will only pursue a transaction if we have confidence and conviction in the opportunity.” The Company will hold a special meeting of stockholders on December 20, 2022, to vote on these proposed amendments. For more information, please see the Proxy Statement filed with the Securities and Exchange Commission on November 30, 2022. About NewHold Investment Corp. II NewHold Investment Corp. II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search on target businesses in the industrial technology sector with an aggregate enterprise value of $700 million or greater. For more information please visit https://nhicspac.com. The information contained on, or accessible through, the Company’s website is not incorporated by reference into this press release, and you should not consider it a part of this press release. Additional Information and Where to Find It In connection with stockholder meeting described above, NHIC has filed relevant materials with the SEC, including a proxy statement. The proxy statement and a proxy card will be mailed to stockholders of NHIC as of November 23, 2022 for voting at the stockholders’ meeting relating. Stockholders will also be able to obtain a copy of the proxy statement without charge from NHIC. The proxy statement may also be obtained without charge at the SEC’s website at www.sec.gov or by writing to NHIC at NewHold Investment Corp. II, c/o NewHold Enterprises, LLC, 52 Vanderbilt Avenue, Suite 2005, New York, New York 10017, Attn: Charlie Baynes-Reid, or by calling (212) 653-0153, or by email at [email protected]. INVESTORS AND SECURITY HOLDERS OF NHIC ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE SPECIAL MEETING THAT NHIC WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NHIC AND THE MEETING. Participants in Solicitation NHIC and its directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of NHIC common stock in respect of the special meeting. Information about NHIC's directors and executive officers and their ownership of NHIC's common stock is set forth in NHIC’s Annual Report on Form 10-K filed with the SEC. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement. These documents can be obtained free of charge from the sources indicated above.

NHIC

businesswire.com

5 years ago

CORRECTING and REPLACING Evolv Technology Publicly Listed on the NASDAQ Under Symbol EVLV

WALTHAM, Mass. & NEW YORK--(BUSINESS WIRE)--In the 4th subhead bullet as well as in the 3rd sentence of the "About Evolv Technology" boilerplate the two mentions of Cascade Asset Management Company should now read Bill Gates. The updated release reads: EVOLV TECHNOLOGY PUBLICLY LISTED ON THE NASDAQ UNDER SYMBOL EVLV NewHold Investment Corp. and Evolv Technology Complete Business Combination Evolv is the global leader in weapons detection security screening, dedicated to making the world a safer

NHIC

businesswire.com

5 years ago

CORRECTING and REPLACING Evolv Technology Publicly Listed on the NASDAQ Under Symbol EVLV

WALTHAM, Mass. & NEW YORK--(BUSINESS WIRE)--In the 4th subhead bullet as well as in the 3rd sentence of the "About Evolv Technology" boilerplate the two mentions of Cascade Asset Management Company should now read Bill Gates. The updated release reads: EVOLV TECHNOLOGY PUBLICLY LISTED ON THE NASDAQ UNDER SYMBOL EVLV NewHold Investment Corp. and Evolv Technology Complete Business Combination Evolv is the global leader in weapons detection security screening, dedicated to making the world a safer place to work, learn and play by helping to protect innocent people from mass shootings and terrorist attacks. Evolv has screened over 60 million people, second only to the TSA in screening people in the U.S. Combined company has a pro forma total enterprise value of approximately $1.3 billion and total equity value of approximately $1.7 billion Combined company received approximately $385 million in gross proceeds, net of redemptions All current Evolv stockholders, including Bill Gates, DCVC, Finback Investment Partners, General Catalyst, Lux Capital, Motorola Solutions, SineWave Ventures and STANLEY Ventures, all retained their equity holdings through closing Proceeds will fund rapid growth, expand international markets and help accelerate adjacencies through partnerships and acquisitions Evolv is the first company in the industry to introduce a subscription Security as a Service (SaaS) Model with its customers, including, Uber, Lincoln Center, L.L. Bean, and Six Flags NewHold Investment Corp. (NASDAQ: NHIC, “NewHold”), a publicly-traded special purpose acquisition company, and Evolv Technologies, Inc. (“Evolv Technology” or “Evolv”), the global leader in weapons detection security screening, today announced that they have completed their business combination. The transaction has been unanimously approved by the board of directors of NewHold and was approved at a special meeting of NewHold shareholders on July 15, 2021. The common stock of the combined company will trade on the NASDAQ Stock Market under the symbol “EVLV”, its warrants will trade under “EVLVW”, and its units will trade under “EVLVU” beginning today, July 19, 2021. Peter George, who has served as Chief Executive Officer of the Company since January 2020, will continue to lead the business. Evolv Technology – Leader with Unrivaled Technology and Market Presence Evolv is transforming the physical security industry, as the first weapons detection security screening system in the market, providing continuous detection improvements and a frictionless visitor experience. The Evolv Express® system delivers up to a 70% reduction in cost and is up to ten times faster than traditional metal detectors, resulting in screening up to an unparalleled 3,600 people per hour, per system. The system allows for visitors to pass through screening without breaking stride and continuing the pace of life, improving security at the speed and scale required in this post-pandemic, increasingly volatile world. Built on its Evolv Cortex AI™ software platform, Evolv is continually improving the security posture for customers through machine learning and analytical insights on-demand, an industry first. The world’s most iconic venues and companies place their trust in Evolv to protect their employees and visitors, including Lincoln Center for the Performing Arts, L.L. Bean, Six Flags and others. In addition, Evolv signed a significant technology and go-to-market partnership with Motorola Solutions, a global leader in land mobile radio mission-critical communications, video security and analytics, and command center software for enterprise and public safety customers. Evolv expects this partnership to accelerate growth and market presence going forward. “Evolv’s new capital supports our rapid growth in transforming security. The world is opening, visitors require a better experience and peace of mind to gather safely.” said Peter George, CEO. “We are energized by our market opportunity and driven to fulfill our mission to make everywhere safer. And we are incredibly thankful to all the customers, employees, investors, and partners who have helped us establish a higher standard for physical security.” “Evolv is a category creating company, permanently changing the physical security market with its weapons detection systems. NewHold is proud to finalize our combination and partnership with Evolv, in order to help accelerate the company’s growth and make more people safer, sooner” said Kevin Charlton, CEO of NewHold Investment Corp. “We could not be more excited about the future of the company and expect Evolv Technology to generate value for shareholders for years to come.” In addition to CEO Peter George, Evolv will continue to be led by its highly experienced management team including co-founders Mike Ellenbogen (Chief Innovation Officer) and Anil Chitkara (Head of Corporate Development), Chief Financial Officer Peter Faubert, General Counsel Eric Pyenson, Chief Scientist Alec Rose, Chief Marketing Officer Dana Loof, Chief Revenue Officer A.J. DeRosa and Head of People Liza Knapp. Peter George will also serve as a Director of the combined company Board alongside Evolv’s Co-Founder Mike Ellenbogen. Chairman of the former Evolv Board, Alan Cohen of DCVC, will continue as Chairman of the combined company Board. NewHold representatives, Kevin Charlton, CEO, and Neil Glat, a board member of NewHold will also join the Board of the combined company alongside David Orfao of General Catalyst, Bilal Zuberi of Lux Capital, Mahesh Saptharishi of Motorola Solutions, Merline Saintil, Mark Sullivan and Kimberly Sheehy. In addition to a strong management team and board, Evolv partners with a group of experienced industry advisors including Juliette Kayyem, former DHS Assistant Secretary, Dan Coats, Former Director of US National Intelligence, John Pistole, Former FBI Deputy Director and TSA Administrator, General Tony Thomas, Former Commander, US SOCOM, David Cohen, Former NYPD Deputy Commissioner, and Jin Kim, Former FBI Active Shooter Expert. Evolv Technology, which has over 100 employees worldwide, will maintain its global headquarters in Waltham, Massachusetts, in addition to offices in Singapore and London. Transaction Overview At the closing of the transaction, NewHold Investment Corp.’s name changed to Evolv Technologies Holdings Inc. (NASDAQ: EVLV). The combined entity has a pro forma enterprise value of approximately $1.3 billion. The upsized and oversubscribed $300 million PIPE, which closed concurrently with the closing of the business combination, included investors such as Motorola Solutions, Inc., Magnetar Capital, Eldridge, Senator Investment Group and UBS O’Connor, in addition to investments from star athletes, franchise owners and managers. Evolv’s existing stockholders own approximately 75% of the fully diluted shares of common stock of the combined company immediately following the closing of the business combination. The combined company received approximately $385 million in gross proceeds from the trust account and PIPE investors, net of redemptions from NewHold’s existing public shareholders. A more detailed description of the transaction terms will be included in a current report on Form 8-K to be filed by Evolv with the U.S. Securities and Exchange Commission (“SEC”) at www.sec.gov. Advisors Cowen acted as sole financial and capital markets advisor to Evolv and as sole placement agent to NewHold in connection with the $300 million PIPE. Stifel acted as sole financial and capital markets advisor to NewHold. Latham & Watkins LLP acted as legal counsel to Evolv and Loeb & Loeb LLP acted as legal counsel to NewHold. Tarplin Consulting acted as Investor Relations advisor and partner to NewHold. About Evolv Technology Evolv Technology is the world’s leading provider of weapons detection security screening systems that enhance safety without sacrificing the visitor, student and employee experience. Built on top of its Evolv Cortex AI™ software platform, the company provides an array of AI touchless screening technologies for weapons detection, identity verification and health-related threats. Led by a team of security industry leaders with a track record for delivering first-to-market products, Evolv’s investors include Bill Gates, Florida Governor Jeb Bush’s firm, Finback Investment Partners, DCVC, General Catalyst Partners, Lux Capital, SineWave Ventures, Motorola Solutions and STANLEY Ventures. The company’s strategic channel partners include Motorola Solutions, STANLEY Security and Johnson Controls. Evolv Express® has earned industry accolades such as the 2020 Edison Awards™, two Campus Safety 2020 BEST Awards, Campus Security & Life Safety magazine’s Secure Campus 2020 Awards and Best Places to Work by Inc. Magazine and Built in Boston. Evolv Technology, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com. About NewHold Investment Corp. NewHold Investment Corp. is a blank check company formed in 2020 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination target in any business or industry, it focuses on identifying businesses in the industrial technology sector. NewHold Investment Corp. is led by an experienced management team with Kevin Charlton as CEO, Charlie Baynes-Reid as COO and Adam Deutsch as CFO, alongside a seasoned Board of Directors. For more information visit https://nhicspac.com. IMPORTANT LEGAL INFORMATION Forward-Looking Statements This document contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding expected benefits of the transaction to Evolv and adoption of Evolv’s technology and products. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including Evolv’s ability to implement business plans after the transaction and changes and developments in the competitive security screening, weapons detection and related industries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NewHold’s definitive proxy statement/prospectus filed with the SEC on June 28, 2021, and other documents filed by the company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the company assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The company does not give any assurance that it will achieve its expectations.

NHIC

businesswire.com

5 years ago

Evolv Technology Publicly Listed on the NASDAQ Under Symbol EVLV

WALTHAM, Mass. & NEW YORK--(BUSINESS WIRE)--NewHold Investment Corp. (NASDAQ: NHIC, “NewHold”), a publicly-traded special purpose acquisition company, and Evolv Technologies, Inc. (“Evolv Technology” or “Evolv”), the global leader in weapons detection security screening, today announced that they have completed their business combination. The transaction has been unanimously approved by the board of directors of NewHold and was approved at a special meeting of NewHold shareholders on July 15, 2

NHIC

businesswire.com

5 years ago

NewHold Investment Corp. Shareholders Approve Business Combination with Evolv Technology

WALTHAM, Mass. & NEW YORK--(BUSINESS WIRE)--NewHold Investment Corp. (NASDAQ: NHIC, “NewHold”), a publicly traded special purpose acquisition company, announced that its shareholders have approved all proposals related to the previously announced business combination (the “Business Combination”) with Evolv Technologies, Inc. (“Evolv Technology” or “Evolv”) at its Extraordinary General Meeting held today, Thursday, July 15, 2021. Approximately 89% of the votes cast at the meeting on the Business Combination proposal, representing approximately 69% of NewHold’s outstanding shares, voted to approve the combination with Evolv. NewHold shareholders also voted overwhelmingly to approve the other proposals at the Special Meeting. The formal results of the vote will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission. The closing of the Business Combination is anticipated to occur on or about Friday July 16, 2021. Following the closing, the combined company will operate as Evolv Technologies Holdings, Inc., and its shares of common stock and warrants are expected to trade on the Nasdaq Stock Market LLC under the symbols “EVLV” and “EVLVW,” respectively beginning on or about Monday, July 19, 2021. About Evolv Technology Evolv Technology is the world’s leading provider of AI-based touchless security screening systems that enhance safety without sacrificing the visitor, student and employee experience. Built on top of its Evolv Cortex AI™ software platform, the company provides an array of AI-based touchless screening technologies for weapons detection, identity verification and health-related threats. Led by a team of security industry leaders with a track record for delivering first-to-market products, Evolv’s investors include Florida Governor Jeb Bush’s firm, Finback Investment Partners, DCVC, General Catalyst Partners, Lux Capital, SineWave Ventures, Motorola Solutions and STANLEY Ventures. The company’s strategic channel partners include Motorola Solutions, STANLEY Security and Johnson Controls. Evolv Express® has earned industry accolades such as the 2020 Edison Awards™, two Campus Safety 2020 BEST Awards, Campus Security & Life Safety magazine’s Secure Campus 2020 Awards and Best Places to Work by Inc. Magazine and Built in Boston. Evolv Technology, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com. About NewHold Investment Corp. NewHold Investment Corp. is a blank check company formed in 2020 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination target in any business or industry, it focuses on identifying businesses in the industrial technology sector. For more information visit https://nhicspac.com. IMPORTANT LEGAL INFORMATION Forward-Looking Statements This document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between NewHold Investment Corp. (“NewHold”) and Evolv Technologies, Inc. (“Evolv”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of NewHold’s securities, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Agreement and Plan of Merger, dated as of March 5, 2021 (the “Merger Agreement”), by and among NewHold, Evolv and NHIC Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of NewHold, by the stockholders of NewHold, the satisfaction of the minimum trust account amount following redemptions by NewHold’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Evolv Aviation’s business relationships, operating results and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Evolv and potential difficulties in Evolv employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Evolv or against NewHold related to the Merger Agreement or the transaction, (x) the ability to maintain the listing of NewHold’s securities on a national securities exchange, (xi) the price of NewHold’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which NewHold plans to operate or Evolv operates, variations in operating performance across competitors, changes in laws and regulations affecting NewHold’s or Evolv’s business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in Evolv’s highly competitive industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NewHold’s registration on Form S-1 (File No. 333-239822), the registration statement on Form S-4 discussed above and other documents filed by NewHold from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law NewHold and Evolv assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither NewHold nor Evolv gives any assurance that either NewHold or Evolv or the combined company will achieve its expectations.

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