Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 33

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
 capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination
or one year from the date of the Initial Public Offering. Over this time period, the Company may use such amounts that may be released
to the Company from the Trust Account as permitted withdrawals and additional loans, if any, and will otherwise use the funds held outside
of the Trust Account to pay for existing accounts payable, identifying and evaluating prospective initial Business Combination candidates,
performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with
or acquire, and structuring, negotiating and consummating the Business Combination.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets
or liabilities, which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions that
create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would
have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet
financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased
any non-financial assets.

Related Party Transactions

Refer to “Note 5 – Related Party Transactions”
in the unaudited condensed consolidated financial statements contained elsewhere in this report.

Contractual Obligations

We do not have any long-term debt, capital lease obligations, operating
lease obligations or long-term liabilities, other than the accrual of $20,000 per month pursuant to the administrative services agreement
we have entered into with the Sponsor for its office space, utilities and secretarial and administrative support. Upon completion of the
initial business combination or our liquidation, assuming there is cash available, the administrative services agreement will terminate,
and we will cease accruing these monthly fees and will pay the outstanding amounts under the administrative services agreement.

The Sponsor agreed to loan
up to $100,000 to the Company pursuant to the terms of the Note, which amount was increased to $300,000 on June 23, 2025 pursuant to an
amendment to the Note, and may be further increased to $500,000 if we and the Sponsor agree, to cover organizational, offering-related
and post-offering expenses. These loans underlying the Note are non-interest bearing, unsecured and are due on the date in which we consummate
our initial business combination or on the date of