Company: NMP
Filing Date: 2025-05-06
Form Type: S-1
Source: 0001213900-25-039851
Chunk: 223

Company: NMP Acquisition Corp.
Filing Date: 2025-05-06
Form: S-1
Chunk 223
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 there is cash available. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. Our sponsor, officers and directors, or any of their respective affiliates, will be reimbursed for any out -of -pocketexpenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out -of -pocketexpenses incurred by such persons in connection with activities on our behalf. As of the date of this prospectus, our sponsor has agreed to loan us up to $100,000, which amount may be increased to $500,000, to be used for a portion of the expenses of this offering. As of March31, 2025, our sponsor advanced an aggregate of $60,093, of which $25,000 was used for the purchase of our sponsor’s founder shares and $35,093 represents the principal balance underlying a promissory note issued to our sponsor as of such date. This loan is non -interestbearing, unsecured and are due at the earlier of the date on which we consummate our initial business combination or on the date of our dissolution deadline, assuming there is cash available. This loan may be repaid upon the closing of our initial business combination out of the offering proceeds not held in the trust account. The value of our sponsor’s interest in this transaction corresponds to the principal amount outstanding under any such loan. In addition, in order to finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete an initial business combination, we would repay such loaned amounts. In the event that the initial business combination does not close, we may use a portion of the working capital held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment. Moreover, at the closing of our initial business combination, we may pay our sponsor, or an affiliate of the sponsor, consulting fees for assessing, negotiating and managing the process for consummating an initial business combination 142 After our initial business combination, members of our management team who remain