Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 30

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 the three and six months
ended June 30, 2025, we had a net loss of $77,889 and $133,456, respectively, which are comprised of formation and operating costs.

3

Liquidity and Capital Resources

As of June 30, 2025, our cash
balance was $1,325,110 and a working capital deficit of $159,217. Further, Next Move Capital LLC, the Company’s sponsor (the
“Sponsor”), has agreed to loan up to $300,000 in loans 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 23, 2025 (as amended, the “Note”). Until the consummation of our IPO, our only source of liquidity
was an initial purchase of Class B ordinary shares (the “founder shares”) by the Sponsor and loans from our Sponsor.

On July 2, 2025, we consummated
our IPO of 10,000,000 units (the “Units”), at $10.00 per Unit, generating gross proceeds of $100,000,000. Each Unit consists
of one Class A ordinary share, par value $0.0001 per share (each, a “Class A ordinary share”), and one right (each, a “right”)
to receive one-fifth of one Class A ordinary share upon the completion of our initial business combination. We granted the underwriters
a 45-day option to purchase up to 1,500,000 additional Units to cover over-allotments, if any (the “Over-Allotment Option Units”).
Simultaneously with the closing of our IPO, we consummated the Private Placement of an aggregate of 170,000 private placement units (the
“Private Placement Units”) at a price of $10.00 per Private Placement Unit, consisting of: (i) 105,000 Private Placement Units
to the Sponsor, and (ii) 65,000 Private Placement Units to certain unaffiliated third-party investors and certain individuals who
are registered persons of Maxim Group LLC (collectively, the “at-risk capital investors”), for an aggregate of $1,700,000,
$1,550,000 of which was paid in cash