Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 11

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 and the Company’s officers and directors
acquire Public Shares in or after the Initial Public Offering, such Public Shares will be entitled to liquidating distributions from the
Trust Account if the Company fails to complete a Business Combination within the Combination Period. In the event of such distribution,
it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering
price per Public Share ($10.00).

 In order to protect the amounts
held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party
(other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company,
or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds
in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in
the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share, due to reductions in the
value of the trust assets, in each case net of permitted withdrawals, provided that such liability will not apply to any claims by a third
party or prospective target business who executed a waiver of any and all rights to the monies held and except as to any claims under
our indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities
Act of 1933, as amended (the “Securities Act”). However, the Company has not asked the Sponsor to reserve for such indemnification
obligations, nor has it independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations, and the
Company believes that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor
would be able to satisfy those obligations. As a result, if any such claims were successfully made against the Trust Account, the funds
available for the Company’s initial Business Combination and redemptions could be reduced to less than $10.00 per Public Share.
In such event, the Company may not be able to complete its initial Business Combination, and the Public Shareholders would receive such
lesser amount per share in connection with any redemption of their Public Shares. None of the Company’s officers or directors will
indemnify the Company for claims by third parties including,