Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 35

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 (4) disclose certain executive compensation-related
items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median
employee compensation. These exemptions will apply for a period of five years following the completion of the IPO or until we are no
longer an “emerging growth company,” whichever is earlier.

Recent Accounting Standards

In
November 2023, the FASB issued Accounting Standards Update 2023-07 — Segment
Reporting — Improvements to Reportable Segment Disclosures. This update requires public entities to disclose its significant
segment expense categories and amounts for each reportable segment. The guidance is effective for fiscal years beginning after December
15, 2023, and interim periods within those fiscal years. As of June 30, 2025 and December 31, 2024, the Company reported its operations
as a single reportable segment, noting no disaggregation of Company activities, management or allocation of resources by geographic region,
business activity or organizational method, thus this new guidance does not affect the disclosures. Refer to “Note 8 – Segment
Information” in the unaudited condensed consolidated financial statements contained elsewhere in this report.

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
financial statements.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

We are a smaller reporting
company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures
are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed,
summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated
and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.

As required by Rules
13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an
evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2025. Based upon
their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls