Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 7

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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, the Company also issued an additional 60,000 Representative Shares to the designee of the representative of the underwriters
as part of the underwriting compensation relating to the closing of the over-allotment option and sale and issuance of the
Over-Allotment Option Units. Further, the underwriters agreed to waive underwriting commissions relating to the Initial Public
Offering in an amount equal to 0.25% of the gross proceeds from the issuance and sale of the Over-Allotment Option Units, or $37,500
in the aggregate. As a result, $37,500 that would have otherwise been payable by the Company as underwriting commissions to the
underwriters in connection with the sale and issuance of the Over-Allotment Option is available to the Company as additional working
capital to be used by the Company prior to the completion of its initial Business Combination. 

On August 28, 2025, the Company announced that, on or around September
3, 2025, the holders of the Units were able to elect to separately trade the Class A ordinary shares and the rights included in the Units.
Any Units not separated will continue to trade on the Global Market tier of The Nasdaq Stock Market (“Nasdaq”) under the symbol
“NMPAU.” The Class A ordinary shares and the rights that are separated will trade on Nasdaq under the symbols “NMP”
and “NMPAR,” respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade.

Transaction costs amounted to $5,457,575, consisting of $537,500 of
cash underwriting fees, $4,600,000 of fair value of shares issued to the representative of the several underwriters, and $320,075 of other
offering costs.

The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private
Placement Units, although substantially all of the net proceeds are intended to be applied generally towards complying with the Company’s
financial reporting obligations and consummating a Business Combination. The stock exchange listing rules require that the Business Combination
must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust
Account (as defined below) (excluding taxes payable on the interest earned on the funds held in the Trust Account). Funds may only be
released to the Company