Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 20

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 Offering, the
Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable
shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, on
September 30, 2025, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity,
outside of the shareholders’ deficit section of the Company’s unaudited condensed balance sheet.

On September 30, 2025, the Class A ordinary shares
subject to redemption reflected in the balance sheet are reconciled in the following table:

    Gross proceeds 
    $115,000,000 
  
    Less: Proceeds allocated to public rights 
     (55,200)
  
    Less: Class A ordinary share issuance costs 
     (857,611)
  
    Add: Remeasurement of carrying value to redemption value 
     2,075,811 
  
    Class A ordinary shares subject to possible redemption September 30, 2025 
    $116,163,000 

Recent Accounting Standards

In November 2023, the FASB
issued Accounting Standards Update 2023-07 — “Segment Reporting — Improvements to Reportable Segment
Disclosures”. This update requires public entities to disclose its significant segment expense categories and amounts for each
reportable segment. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal
years. As of September 30, 2025 and December 31, 2024, the Company reported its operations as a single reportable segment, noting no
disaggregation of Company activities, management or allocation of resources by geographic region, business activity or organizational
method, thus this new guidance does not affect the disclosures. See Note 9 for further information.

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
financial statements.

13

NMP ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 3 — INITIAL PUBLIC OFFERING

In connection with the closing
of the Initial Public Offering, the Company sold 10,000,000 Public Units at a purchase price of $10.00 per Public Unit, which resulted
in total gross proceeds to the Company of $100,000