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

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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, equal to the aggregate amount then on deposit in the Trust Account, including interest
earned (which interest shall be net of permitted withdrawals and up to $100,000 to pay dissolution expenses), divided by the number of
then issued and outstanding Public Shares, which redemption will completely extinguish the rights of the Public Shareholders as shareholders
(including the right to receive further liquidating distributions, if any) subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of the Company’s remaining shareholders and its Board of Directors (the
“Board”), liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide
for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions
with respect to the Company’s rights, which will expire worthless if the Company fails to complete a Business Combination within
the Combination Period.

The initial shareholders
and the Company’s officers and directors have agreed to waive their rights to liquidating distributions from the Trust Account with
respect to the Founder Shares and the Private Placement Shares if the Company fails to complete a Business Combination within the Combination
Period. However, if any of the initial shareholders, or any of its respective affiliates, and the Company’s officers and directors
acquire Public Shares in or after the Initial Public Offering, such Public Shares will be entitled to liquidating distributions from the
Trust Account if the Company fails to complete a Business Combination within the Combination Period. In the event of such distribution,
it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering
price per Public Share ($10.00).

In order to protect the amounts
held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party
(other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company,
or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds
in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in
the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share, due to reductions in the
value of the trust assets, in each case net of permitted