Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 95

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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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 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