Company: NMP
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001213900-25-011477
Chunk: 32

Company: NMP Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 32
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 excluding the private placement shares and representative shares) or approximately 25.7% (including the private placement shares and the representative shares). If we submit our initial business combination to our public shareholders for a vote, our insiders have agreed, pursuant to such letter agreement, to vote their founder shares, private placement shares and any public shares purchased during or after this offering in favor of our initial business combination. As a result, in addition to our initial shareholder’s founder shares and private placement shares, assuming all the representative shares held by Maxim will be voted in favor, in order to have our initial business combination approved, we would need only [__], or [__]%, of the 10,000,000 public shares sold in this offering to be voted in favor of a transaction (assuming all outstanding shares are voted), or no public shares sold in this offering are needed to vote in favor of a transaction (assuming only a quorum is present at such meeting held to vote on our initial business combination) (in either case, assuming the over-allotment option is not exercised). Each public shareholder may elect to redeem their public shares irrespective of whether they vote in favor of or vote against, or abstain from voting on, the proposed transaction. |
|                                                                                     |     | In the event that our initial business combination is approved by shareholders, our articles of association prevent us from consummating such business combination unless we have net tangible assets of $5,000,001 immediately prior to, or upon consummation of such business combination. This is in order to avoid being subject to Rule 419 promulgated under the Securities Act. However, if we seek to consummate an initial business combination with a target business that imposes any type of working capital closing condition or requires us to have a minimum amount of funds available from the trust account upon consummation of such initial business combination, our net tangible asset threshold may limit our ability to consummate such initial business combination (as we may be required to have a lesser number of shares redeemed) and may force us to seek third party financing which may not be available on terms acceptable to us or at all. As a result, we may not be able to consummate such initial business combination and we may not be able to locate another suitable target within the applicable time period, if at all.                                                                                                                                                                                                                                                                                                                                                                                            |
| Tendering share certificates in connection with a tender offer or redemption rights |     | We may require our public shareholders seeking to exercise their redemption rights, whether they are record holders or