We intend to identify and acquire a business focusing on industrial technology. We will seek to acquire one or more businesses with an aggregate enterprise value of $700 million or greater.

We will concentrate on sourcing business combination opportunities with industrial technology businesses, with particular emphasis on those that align with several key themes commonly referred to as “Industry 4.0,” including but not limited to:        advanced robotics; Internet of Things (“IoT”) and associated production and consumption analytics; hardware and software as a service (“SaaS”) models with machine learning; production rate additive manufacturing; new energy technologies, infrastructure, and servicing; recycling to facilitate circular economies, and advanced sensor technologies and associated applications.

(NewHold Investment Corp. II priced its SPAC IPO on Oct. 20, 2021, in line with the terms in its prospectus: 17.5 million units at $10 each to raise $175 million.)