SPAC combinationMay 26, 2026Pending
🇬🇧 United Kingdom
NNewCleo Ltd.NINewHold Investment Corp III
Power & Utilities › Electric & Gas Utilities
Deal valueUndisclosed
AnnouncedMay 26, 2026
ConsiderationUndisclosed
StructureOther
RegionEurope
Cross-borderYes
Contingent paymentNo
Overview
NewHold Investment Corp III agreed to acquire NewCleo Ltd. in a SPAC business combination, with NewCleo becoming the publicly listed parent company and NewHold becoming a wholly owned subsidiary. The filing does not state the consideration.
Deal rationale
The filing does not state a rationale for the business combination, but the related forward purchase transaction is intended to potentially increase the cash available to the combined company.
AI-generated from the SEC filingPendingPower & Utilities › Electric & Gas UtilitiesUnited KingdomEurope
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Undisclosed |
Advisors
Buy-side
GSGoldman SachsGSGuggenheim Securities
Sell-side
None listed
Parties
Target
NNewCleo Ltd.
- Headquarters
- United Kingdom
- Ticker
- —
Acquirer
NINewHold Investment Corp III
- Headquarters
- United States
- Ticker
- —