NEWHOLD INVESTMENT CORP IV Quarterly Report (10-Q)
Newhold Investment Corp IV, a special purpose acquisition company, filed its quarterly report for the period ended June 30, 2026. The company reported a net loss of $1.4 million for the three months ended June 30, 2026, compared to a net loss of $1.1 million for the same period in 2025. As of June 30, 2026, the company had cash and cash equivalents of $14.4 million and a total stockholders’ deficit of $23.4 million. The company’s unaudited condensed balance sheet as of June 30, 2026, and December 31, 2025, is included in the report. The company’s management’s discussion and analysis of financial condition and results of operations is also included, which discusses the company’s financial performance, liquidity, and capital resources.
Overview
NewHold Investment Corp. IV (the “Company”) is a blank check company incorporated on October 6, 2025, as a Cayman Islands exempted company. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as the initial business combination.
Key Highlights:
- The Company completed its Initial Public Offering (IPO) on April 16, 2026, raising $201.25 million by selling 20,125,000 units at $10 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant.
- Simultaneously with the IPO, the Company completed a private placement of 641,250 units at $10 per unit, raising an additional $6.41 million.
- The net proceeds from the IPO and private placement, totaling $203.13 million, were deposited into a trust account to be used for the initial business combination.
- The Company has until April 16, 2028 (24 months from the IPO) to complete the initial business combination, or it will be required to redeem the public shares and liquidate.
- As of June 30, 2026, the Company had $1.33 million in cash outside the trust account and $201.25 million held in the trust account.
- The Company has not yet identified a specific business combination target and has not initiated any substantive discussions with potential targets.
Financial Performance:
- The Company has not generated any operating revenue to date, as it has been focused on organizational activities and preparing for the IPO.
- For the three and six months ended June 30, 2026, the Company incurred $619,000 and $657,000, respectively, in general and administrative costs, primarily related to public reporting, office expenses, and costs associated with the search for a business combination.
- The Company has generated $1.47 million in non-operating income from interest earned on the trust account assets during the three and six months ended June 30, 2026.
- The Company has sufficient funds in the trust account and available cash outside the trust account to meet its expenditures prior to the initial business combination.
Outlook and Risks:
- The Company may need to obtain additional financing to complete the initial business combination if the transaction requires more cash than is available from the trust account.
- The Company faces the risk of not being able to complete the initial business combination within the 24-month time frame, which would result in the redemption of public shares and the liquidation of the Company.
- The Company’s ability to maintain its Nasdaq listing is dependent on completing the initial business combination within the required timeframe.
- The Company may experience dilution to its public shareholders if it issues equity or convertible debt to finance the initial business combination.
Overall, the Company is in the early stages of its lifecycle as a blank check company and is focused on identifying and completing a suitable business combination within the allotted timeframe. The financial performance and outlook highlight the key risks and considerations for the Company as it progresses towards its initial business combination.
