NewHold Investment Corp. III Completes Business Combination with NewCleo Ltd
May 29, 2026
NewHold Investment Corp. III completed its business combination with NewCleo Ltd, taking the advanced nuclear reactor and fuel company public on Nasdaq. The transaction provided newcleo with approximately $247 million in gross proceeds, including a $216 million PIPE and $31 million from NewHold’s trust account, to support growth and advance reactor and fuel commercialization.
- Buyers
- NewHold Investment Corp. III
- Targets
- NewCleo Ltd
- Industry
- Energy
- Location
- Île-de-France, France
- Transaction Type
- Growth capital
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