Company: NMP
Filing Date: 2025-06-05
Form Type: S-1/A
Source: 0001213900-25-051324
Chunk: 147

Company: NMP Acquisition Corp.
Filing Date: 2025-06-05
Form: S-1/A
Chunk 147
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 recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. We have elected to recognize the changes in redemption value as a charge against retained earnings or, in the absence of retained earnings, as a charge against additional paid -in -capitalover an expected 18 -monthperiod leading up to a business combination. Net Loss per Ordinary Share Net loss per share is computed by dividing net loss by the weighted average number of Class B ordinary shares outstanding during the period, excluding Class B ordinary shares subject to forfeiture by the sponsor. Weighted average shares were reduced for the effect of an aggregate of 500,000 Class B ordinary shares that are subject to forfeiture by our sponsor if the over -allotmentoption is not exercised by the underwriters. Recent Accounting Standards In August 2020, FASB issued Accounting Standards Update (“ASU”) 2020 -06, Debt — Debt with Conversion and Other Options(Subtopic 470 -20) and Derivatives and Hedging — Contracts in Entity’s Own Equity(Subtopic 815 -40) (“ASU 2020 -06”) to simplify accounting for certain financial instruments. ASU 2020 -06eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020 -06amends the diluted earnings per share guidance, including the requirement to use the if -convertedmethod for all convertible instruments. ASU 2020 -06is effective for fiscal years beginning after December 15, 2023 and should be applied on a full or modified retrospective basis, with early adoption permitted for fiscal years beginning after December 15, 2020. We do not expect the adoption of this ASU would have a material effect on our financial statements. Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements. Off-Balance Sheet Arrangements; Commitments and Contractual Obligations; Quarterly Results As of March 31, 2025, we did not have any off -balancesheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S -K