Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 31

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 A ordinary shares or pre-initial business combination activity).

Following the closing of the
IPO and over-allotment option, an amount of $115,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the IPO and
the Private Placement was placed in a trust account (the “Trust Account”). The funds in the Trust Account will be invested
or held only in either (i) U.S. government treasury bills with a maturity of 185 days or less, or in money market funds meeting certain
conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended, (the “Investment Company Act”),
which invest only in direct U.S. government treasury obligations, (ii) as uninvested cash, or (iii) an interest bearing
bank demand deposit account or other accounts at a bank. We intend to use substantially all of the funds held in the Trust Account,
including any amounts representing interest earned on the Trust Account (which interest shall be net of interest earned on the funds held
in the Trust Account that may be released to us to fund our working capital requirements – subject to a limit of $300,000, in the
aggregate, of the interest earned on the funds held in the Trust Account – and/or to pay our income and franchise taxes, if any,
provided that all withdrawals may only be made from interest and not from the principal held in the Trust Account (collectively, “permitted
withdrawals”)), to complete our initial business combination. Except with respect to permitted withdrawals and/or pay dissolution
expenses, the proceeds from the IPO and Private Placement held in the Trust Account will not be released until the earliest of (a) the
completion of our initial business combination; (b) the redemption of any of the public shares in connection with any vote on a proposed
business combination in accordance with the provisions of our Amended Charter; (c) the repurchase of shares by means of a tender offer
pursuant to the Amended Charter (d) the redemption of any of our public shares in connection with a shareholder vote to amend the Amended
Charter (i) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination
or redeem 100% of its public shares if we do not consummate its initial business combination by January 2, 2027 (or such later date if
extended),