NHIV
Industry:
Capital Markets

DESCRIPTION

NewHold Investment Corp IV is a blank check SPAC that raised $175M in a Nasdaq IPO to fund an acquisition of one or more operating businesses. NewHold IV has not yet identified a target. The company focuses primarily on industrial technology — including automation, robotics, supply chain technology, advanced sensors, grid resiliency, and environmental services — and targets companies with enterprise values of $700M or greater, though it is not restricted to this size or sector. NewHold IV has 24 months from IPO close to complete a deal, or it must return trust funds to public shareholders at approximately $10.00 per share. The sponsor, NewHold Industrial Technology IV LLC, acquired founder shares for roughly $25,000, which convert to Class A shares upon deal completion and represent 25% of post-IPO shares outstanding — creating asymmetric economics that incentivize completing a deal. The management team is led by CEO Kevin Charlton, CFO Polly Schneck, and President Samy Hammad, all three of whom simultaneously hold the same roles at NHIC III, a parallel SPAC also searching for a target. The team's prior SPAC track record includes completed deals in Blue Bird, Daseke, and NRC Group, though the most recent deal, Evolv Technologies, trades well below its IPO price, and one prior SPAC was liquidated without completing a deal.

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