Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 79

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 an initial business combination are less than the actual
amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial business combination.
Moreover, we may need to obtain additional financing either to complete our initial business combination or because we become obligated
to redeem a significant number of our public shares upon completion of our initial business combination, in which case we may issue additional
securities or incur debt in connection with such business combination.

For the nine months ended
September 30, 2025, cash used in operating activities was $451,394. Net income of $838,497 was affected by interest earned on investments
held in the Trust Account of ($1,163,000), and net change in operating assets and liabilities of ($126,891).

For the nine months ended
September 30, 2025, cash used in investing activities was $115,000,000, which was the amount required to be deposited into the Trust Account
from the IPO, including the underwriters’ over-allotment option exercise in connection therewith, and Private Placement.

For the nine months ended
September 30, 2025, cash provided by financing activities was $115,892,218, which is the proceeds from the IPO and the Private Placement,
net of offering costs. 

Going Concern Consideration

At September 30, 2025, the
Company had cash of $440,824 and working capital of $566,713.

Subsequent to the consummation
of the IPO, including the exercise of the underwriters’ over-allotment option in full, the Company’s liquidity has been satisfied
through the net proceeds from the consummation of the IPO and the Private Placement held outside of the Trust Account. In addition, in
order to finance transaction costs in connection with a business combination, the Sponsor or an affiliate of the Sponsor, or certain of
the Company’s officers and directors may, but are not obligated to, provide the Company additional loans to finance transaction
costs in connection with an initial business combination, except such amounts as may be loaned in accordance with the terms of the Note.

Based on the foregoing, management
believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation
of a business combination or one year from the date of the IPO. Over this time period, the Company may use such amounts that may be released
to the Company from the Trust