Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 19

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 Units, the Company consummated the private sale of an additional 7,500 Private Placement Units to the Sponsor, generating gross
proceeds of $75,000.

NOTE 5 — RELATED PARTIES

Founder Shares

On January 13, 2025, the Sponsor received 3,833,333 of the Company’s
Class B ordinary shares, par value $0.0001 per share (the “Founder Shares”), as consideration for $25,000 in advances
to cover expenses.

On June 30, 2025, the
Sponsor forfeited 650,000 Founder Shares and the at-risk capital investors purchased 650,000 Founder Shares for an aggregate purchase
price of approximately $4,239, which was received on July 2, 2025 and resulted in the Sponsor owning 3,183,333 Founder Shares. If the
Initial Public Offering closing does not occur by July 30, 2025, the Company must redeem the at-risk capital investor’s Founder
Shares for a cash payment equal to the initial purchase price paid by the at-risk capital investor for such Founder Shares. The initial
public offering closed on July 2, 2025, therefore no at-risk capital investor Founder Shares had to be redeemed.

Up to 500,000 Founder Shares held by the Sponsor are subject to forfeiture
depending on the extent to which the underwriters’ over-allotment option is exercised. In connection with the Initial Public Offering,
the underwriters’ fully exercised the over-allotment option. As such, no Founder Shares were forfeited by the Sponsor.

The initial shareholders
and the Company’s officers and directors have agreed, subject to certain exceptions, not to transfer, assign or sell any of their
Founder Shares and any Class A ordinary shares issuable upon conversion thereof until the earlier of: (i) six months after the
completion of an initial Business Combination and (ii) the date on which the closing price of the Class A ordinary shares equals
or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like)
for any 20 trading days within any 30-trading day period commencing 75 days after an initial Business Combination, or earlier
if, subsequent to an initial Business Combination, the Company completes a liquidation, merger, share exchange or other similar transaction
that results in all of its shareholders having the right to exchange