Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 76

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 the substance or timing of our obligation to allow redemption in connection with our initial business combination
or redeem 100% of its public shares if we do not consummate its initial business combination by January 2, 2027 (or such later date if
extended), or (ii) with respect to any other provision relating to the rights of the holders of Class A ordinary shares or pre-initial
business combination activity; and (e) the redemption of all of the Company’s public shares if it is unable to complete its business
combination by January 2, 2027 (or such later date if extended), subject to applicable law and the provisions of the Amended Charter.

We have incurred and expect
to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a business
combination will be successful.

Results of Operations and Known Trends or Future
Events

We have neither engaged in
any operations nor generated any revenues to date. Our only activities since December 18, 2024, the date of the Company’s inception,
have been organizational activities, those necessary to prepare for the IPO, described below, and identifying a target company for a business
combination. We do not expect to generate any operating revenues until after completion of our initial business combination. We will generate
non-operating income in the form of interest income on cash and cash equivalents held in the Trust Account. We incur expenses as a result
of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as expenses as we conduct due
diligence on prospective business combination candidates.

For the three and nine months
ended September 30, 2025, we had a net income of $971,953 and $838,497, respectively, which are comprised of investment income on investments
held in the Trust Account less formation and operating costs.

19

Liquidity and Capital Resources

As of September 30, 2025, the Company had a cash balance of $440,824
and working capital of $566,713. Further, Next Move Capital LLC, the Company’s sponsor (the “Sponsor”), has agreed
to loan up to $300,000 to cover organizational, offering-related and post-offering expenses, which amount may be increased
to $500,000 if we and our Sponsor agree. These loans are evidenced by a promissory note dated December 31, 2024, as amended on June