Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 6

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 underwriting commissions relating to the Initial Public Offering in an amount equal to 0.25% of the gross proceeds from
the issuance and sale of the Over-Allotment Option Units, or $37,500 in the aggregate. As a result, $37,500 that would have otherwise
been payable by the Company as underwriting commissions to the underwriters in connection with the sale and issuance of the Over-Allotment
Option Units will be available to the Company as additional working capital to be used by the Company prior to the completion of its initial
Business Combination. 

Transaction costs amounted
to $5,458,023, consisting of $537,500 of cash underwriting fees, $4,600,000 of fair value of shares issued to the representative of the
several underwriters, and $320,523 of other offering costs.
 The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private
Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination.
The stock exchange listing rules require that the Business Combination must be with one or more operating businesses or assets with a
fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding taxes payable on the
interest earned on the funds held in the Trust Account). Funds may only be released to the Company to fund its working capital requirements,
subject to a limit of $300,000, in the aggregate, of the interest earned on the funds held in the Trust Account and/or to pay the Company’s
income and franchise taxes, if any, provided that all withdrawals may only be made from interest and not from the principal held in the
Trust Account (collectively, the “permitted withdrawals”)). The Company will only complete a Business Combination if the post-Business
Combination company owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a
controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able
to successfully effect a Business Combination. Upon the closing of the Initial Public Offering, management has agreed that $10.00 per
Public Share sold in the