NewHold Investment Corp IV IPO Closes $201.25M

NewHold Investment Corp IV has closed its initial public offering of 20,125,000 units at an offering price of $10.00 per unit, including full exercise of the underwriters’ over-allotment option to buy up to an additional 2,625,000 units. The company is a newly organized Cayman Islands exempted SPAC.

Each unit includes one Class A ordinary share and one-third of one redeemable warrant. Whole warrants become exercisable 30 days after the completion of the initial business combination and allow holders to buy one Class A ordinary share at $11.50 per share. The units trade on Nasdaq under “NHIVU,” with shares and warrants expected to trade separately under “NHIV” and “NHIVW.”