newcleo Lists on Nasdaq and Raises $247M Following SPAC Merger

Key Facts

1newcleo completed its business combination with NewHold Investment Corp III and began trading on Nasdaq on September 22, 2026.

2The business combination generated gross proceeds of approximately $247 million, including $216 million from PIPE financing.

3The company appointed Jeffrey Lyash, former head of the Tennessee Valley Authority, as Chairman of the Board.

newcleo completed its business combination with NewHold Investment Corp III and began trading on Nasdaq on September 22, 2026. GlobeNewswire reported that the transaction generated gross proceeds of approximately $247 million, including $216 million from PIPE financing, as the company released its financial results for the first half of 2026.

The company appointed Jeffrey Lyash, former head of the Tennessee Valley Authority, as Chairman of the Board. Regarding market performance, NDAQ closed at $91.67 on October 1, 2026, and TVC closed at $23.99 on the same date. No numeric price data was available for NewHold Investment Corp III following the completion of the merger.