NewHold Investment Corp. III (NHIC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 27, 2026

Risk Assessment Details

Potential Dilution: 83.71% of current shares
Recent Dilution: 211.66% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
21M
Potential Supply
18M
Additional shares possible
Splits
None
Past 2 years

Summary

NHIC currently has 20.9M outstanding shares. with significant dilution risk as 17.5M authorized shares could dilute existing holders by 83.7%. The company has significantly diluted shareholders by 211.66% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 27, 2026

8-K filing: NewHold Investment Corp III entered into a definitive business combination agreement with NewCleo Ltd. which includes a recapitalization, mergers, and a PIPE investment of $220 million. ($220.0M proceeds)

21M 18M
Apr 01, 2026

10-K filing | 20.9M shares outstanding

21M 18M
Nov 13, 2025

10-Q filing | 20.9M shares outstanding

21M 18M
Aug 14, 2025

10-Q filing | 20.9M shares outstanding

21M 18M
May 13, 2025

10-Q filing | 20.9M shares outstanding

21M 18M
Feb 20, 2025

S-1/A filing: NewHold Investment Corp III is offering 17,500,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, for a total offering of $175,000,000.

6.7M 18M
Jan 17, 2025

S-1/A filing: This is an S-1/A filing for an initial public offering of units of NewHold Investment Corp III, a blank check company, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, at a price of $10.00 per unit.

6.7M 18M
Jan 02, 2025

S-1 filing: NewHold Investment Corp III is offering 17,500,000 units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, at a price of $10.00 per unit, for a total offering size of $175,000,000 in an initial public offering.

6.7M 26M
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