NewHold Investment IV, a blank check company formed by NewHold Enterprises targeting industrial technology, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering.
The New York, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. Each unit contains one share of common stock and one-third of one warrant exercisable at $11.50.
NewHold Investment IV is led by CEO Kevin Charlton, who is the co-chairman of NewHold Enterprises. He is joined by CFO Polly Schneck, who is the CFO of NewHold Enterprises. Management's previous SPACs include NewHold Investment III (Nasdaq: NHICU; +8% from $10 offer price) in 2024, NewHold Investment II, which was liquidated in 2023, and NewHold Investment, which went public in 2021 and completed its combination with industrial technology firm Evolv Technologies Holdings (Nasdaq: EVLV; -45%).
The SPAC intends to target a business related to industrial technology, ideally with an aggregate enterprise value of $700 million or greater. More specifically, they are focusing on businesses in transportation, distribution, manufacturing, and robotic industries.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol NHIVU. BTIG is the sole bookrunner on the deal.
