Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 13

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 withdrawals, provided that such liability will not apply to any claims by a third
party or prospective target business who executed a waiver of any and all rights to the monies held and except as to any claims under
our indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities
Act of 1933, as amended (the “Securities Act”). However, the Company has not asked the Sponsor to reserve for such indemnification
obligations, nor has it independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations, and the
Company believes that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor
would be able to satisfy those obligations. As a result, if any such claims were successfully made against the Trust Account, the funds
available for the Company’s initial Business Combination and redemptions could be reduced to less than $10.00 per Public Share.
In such event, the Company may not be able to complete its initial Business Combination, and the Public Shareholders would receive such
lesser amount per share in connection with any redemption of their Public Shares. None of the Company’s officers or directors will
indemnify the Company for claims by third parties including, without limitation, claims by vendors and prospective target businesses.

Going Concern Considerations

 At September 30, 2025, the
Company had cash of $440,824 and a working capital of $566,713.

Subsequent to the consummation
of the Initial Public Offering and the exercise of the underwriters’ over-allotment option in full, the Company’s liquidity
has been satisfied through the net proceeds from the consummation of the Initial Public Offering and the Private Placement held outside
of the Trust Account. Further, our Sponsor has agreed to loan up to $300,000 in loans to cover organizational, offering-related and
post-offering expenses, which may include transaction costs in connection with a Business Combination, which amount may be increased
to $500,000, if we and our Sponsor agree. These loans are evidenced by a promissory note dated December 31, 2024, as amended on June
23, 2025. Additionally, interest earned on the funds held in the Trust Account may be released to us as permitted withdrawals to fund
our working capital requirements, subject to a limit of $300,000, in the aggregate, of the interest earned