Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 169

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 169
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5, the Sponsor received 3,833,333 of the Company’s Class B ordinary shares as Founder
Shares for a payment of $25,000. On January 16, 2025, the Company repurchased the subscriber share at par value.  On June 30,
2025, the Sponsor forfeited 650,000 Founder Shares and at-risk capital investors purchased 650,000 Founder Shares for an aggregate purchase
price of approximately $4,239, which resulted in the Sponsor owning 3,183,333 Founder Shares. Up to 500,000 Founder Shares are subject
to forfeiture by the Sponsor depending on the extent to which the underwriters’ over-allotment option is exercised. Following the
closing of the Initial Public Offering, the underwriters fully exercised the over-allotment option on July 10, 2025. As such, no additional
Founder Shares were forfeited by the Sponsor. Only holders of the Founder Shares will have the right to vote on the appointment of directors
and on any resolution to approve any transfer by way of continuation in a jurisdiction outside the Cayman Islands (including any special
resolutions required to amend the constitutional documents of the Company or to adopt new constitutional documents of the Company) prior
to the Business Combination. Holders of Class A ordinary shares and Class B ordinary shares will vote together as a single class on all
matters submitted to a vote of its shareholders except as otherwise required by law or the Articles. In connection with an initial Business
Combination, the Company may enter into a shareholder agreement or other arrangement with the shareholders of the target or other investors
to provide for voting or other corporate governance arrangements that differ from those in effect upon completion of the Initial Public
Offering.

The Founder Shares are designated as Class B ordinary shares and will
automatically convert at a ratio of one-for-one into Class A ordinary shares (which such Class A ordinary shares issued upon
conversion will not have redemption rights or be entitled to liquidating distributions from the Trust Account if the Company does not
consummate an initial Business Combination) at the time of an initial Business Combination, or earlier at the option of the holder.

F-13

NMP ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS

NOTE 8 — SHAREHOLDER’S DEFICIT
(cont.)

Rights — Except
in cases where the Company is not the surviving company in a business
combination, each holder of a right will automatically