Company: NMP
Filing Date: 2025-06-24
Form Type: S-1/A
Source: 0001213900-25-056927
Chunk: 217

Company: NMP Acquisition Corp.
Filing Date: 2025-06-24
Form: S-1/A
Chunk 217
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 remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment. 136 Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a compensation committee and a nominating committee. Each committee will operate under a charter that has been approved by our board and has the composition and responsibilities described below. Subject to phase -inrules and a limited exception, Nasdaq rules and Rule 10A -3of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors, and Nasdaq rules require that the compensation committee of a listed company be comprised solely of independent directors. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. The members of our audit committee will be Ms. Priya, Mr. Benson and Dr. Singh. Ms. Priya will serve as chair of the audit committee. Each member of the audit committee is financially literate and our board of directors has determined that Ms. Priya qualifies as an “audit committee financial expert” as defined in applicable SEC rules. We will adopt an audit committee charter, which details the principal functions of the audit committee, including: •the appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent registered public accounting firm engaged by us; •pre -approvingall audit and non -auditservices to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre -approvalpolicies and procedures; •reviewing and discussing with the independent auditors all relationships the auditors have with us in order to evaluate their continued independence; •setting clear hiring policies for employees or former employees of the independent auditors; •setting clear policies for audit partner rotation in compliance with applicable laws and regulations; •obtaining and reviewing a report, at least annually, from the independent auditors describing (i) the independent auditor’s internal quality -controlprocedures and (ii) any material issues raised by the most recent internal quality -controlreview, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities, within, the preceding five years