Company: NMP
Filing Date: 2025-05-06
Form Type: S-1
Source: 0001213900-25-039851
Chunk: 106

Company: NMP Acquisition Corp.
Filing Date: 2025-05-06
Form: S-1
Chunk 106
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 non -managingsponsor member indirectly acquiring, through non -managingsponsor membership interests, interests in the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.0065 per share) to the non -managingsponsor members reflecting interests in an aggregate of [__] founder shares ([__] founder shares if the underwriters’ over -allotmentoption is exercised in full) held by the sponsor. Except in certain limited circumstances, no member of the sponsor (including the non -managingsponsor members) may transfer all or any portion of its membership units in the sponsor. The non -managingsponsor members will not be subject to transfer restrictions or a lock -upagreement on any units, Class A ordinary shares or rights that they may purchase in this offering pursuant to the expressions of interest described herein or otherwise. The private placement units will be worthless if we do not complete our initial business combination. The founder shares and private placement shares are identical to the public shares included in the units being sold in this offering except that (i) holders of the founder shares have the right to vote on the election and removal of directors and our transfer by way of continuation in a jurisdiction outside the Cayman Islands prior to our initial business combination, (ii) the founder shares and the private placement shares are subject to certain transfer restrictions, (iii) our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed (A) to waive their redemption rights with respect to their founder shares, private placement shares and public shares in connection with the completion of our initial business combination and (B) to waive their rights to liquidating distributions from the trust account with respect to their founder shares and private placement shares if we fail to complete our initial business combination within 18 months from the closing of this offering or during any Extension Period (although they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business combination within the prescribed time frame) and (iv) the founder shares and private placement shares are subject to registration rights. 67 The personal and financial interests of our officers and directors may influence their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing the operation of the business following the initial business combination. This risk may become more acute as the time period during which our initial business combination must be completed near