Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 72

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
 ordinary shares will equal, in the aggregate, on an as-converted basis,
25% of the sum of (i) all Class A ordinary shares issued and outstanding upon the completion of this offering (including any Class A ordinary
shares issued pursuant to the underwriters’ over-allotment option and excluding private placement shares and shares issued to Maxim,
the representative of our underwriters), (ii) plus all Class A ordinary shares and equity-linked securities issued or deemed issued in
connection with our initial business combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller
in the initial business combination) and (iii) minus any redemptions of Class A ordinary shares by public shareholders in connection with
an initial business combination or certain amendments to our amended and restated articles of association prior to an initial business
combination; provided that such conversion of founder shares will never occur on a less than one-for-one basis.

Rights — Except
in cases where the Company is not the surviving company in a business combination, each holder of a right will automatically receive one-fifth
(1/5) of one Class A ordinary share upon consummation of the initial Business Combination. The Company will not issue fractional shares
in connection with an exchange of rights. Fractional shares will be rounded down to the nearest whole share.

NOTE 8 — SEGMENT INFORMATION

ASC Topic 280, Segment
Reporting, establishes standards for companies to report, in their financial statements, information about operating segments, products,
services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business
activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is
regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess
performance.

The Company’s chief
operating decision maker (“CODM”) has been identified as the Chief Executive Officer, who reviews the assets, operating results,
and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly,
management has determined that the Company only has one reporting segment.

The CODM assesses performance
for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations
as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s
performance and making key decisions regarding