Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 24

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
mates its initial Business Combination or on the date of its dissolution deadline, assuming there
is cash available. At the closing of the Initial Public Offering, $150,000 of the outstanding principal balance of these loans was deemed
to be repaid and settled in connection with the Sponsor’s purchase of Private Placement Units at a price of $10.00 per unit (such
deemed repayment being attributed to the purchase of 15,000 Private Placement Units by the Sponsor) (see Note 4). As of September 30,
2025 and December 31, 2024, an aggregate of $5,093 and $30,300, respectively, remained outstanding against the promissory note. Outstanding
amounts under this loan may be repaid upon the closing of the Company’s initial Business Combination out of the proceeds of the
Initial Public Offering and sale of the Private Placement Units not held in the Trust Account.

Advances from Sponsor

As of December 31, 2024,
the Sponsor advanced $25,000 which was allocated to the purchase of the Sponsor’s Founder Shares pursuant to that certain Founder
Share Subscription Agreement, dated January 13, 2025, between the Company and the Sponsor, on such date. As of September 30, 2025, there
were no advances from the Sponsor remaining.

NOTE 6 — COMMITMENTS AND CONTINGENCIES

Registration Rights

The holders of the Founder
Shares, Representative Shares and Private Placement Units (and the securities comprising such units, as applicable, and any Class
A ordinary shares issuable upon conversion of the Founder Shares) will be entitled to registration rights pursuant to the registration
rights agreements to be signed prior to or on the effective date of Initial Public Offering requiring the Company to register such securities
for resale (in the case of the Founder Shares, only after conversion to Class A ordinary shares). Pursuant to the registration rights
agreements, the Company agreed to file a registration statement covering the registration of these securities within 30 days from the
date the Company complete its initial Business Combination (or such later date agreed upon by the Company, the Sponsor and Maxim). Further,
the holders of these securities will be entitled to make up to three demands, excluding short form registration demands, that the Company
register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration
statements filed subsequent to completion of a Business Combination and rights to require the Company to register for resale such securities