Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 162

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 162
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estanding financial instrument
indexed on the contingently redeemable Class A ordinary shares and will be accounted for as a liability pursuant to the guidance contained
in the Financial Accounting Standards Board (“FASB”) ASC 480, “Distinguishing Liabilities from Equity.” There
was no over-allotment option outstanding as of June 30, 2025 and December 31, 2024.

Rights

The Company accounts for the Public Rights issued in connection with the
Initial Public Offering and the Private Placement Rights in accordance with the guidance contained in ASC 815, “Derivatives
and Hedging.” Under ASC 815-40, the Public Rights and the Private Placement Rights meet the criteria for equity treatment and
as such will be recorded in shareholders’ equity. If the Public Rights and Private Placement Rights no longer meet the criteria
for equity treatment, they will record as a liability and remeasured each period with changes recorded in the statement of operations.
There were no rights outstanding as of June 30, 2025 and December 31, 2024.

Recent Accounting Standards

In November 2023, the FASB issued Accounting Standards Update 2023-07 — Segment
Reporting — Improvements to Reportable Segment Disclosures. This update requires public entities to disclose its significant
segment expense categories and amounts for each reportable segment. The guidance is effective for fiscal years beginning after December
15, 2023, and interim periods within those fiscal years. As of June 30, 2025 and December 31, 2024, the Company reported its operations
as a single reportable segment, noting no disaggregation of Company activities, management or allocation of resources by geographic region,
business activity or organizational method, thus this new guidance does not affect the disclosures. See Note 9 for further information.

F-10

NMP ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS

NOTE 2 — SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (cont.)

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
financial statements.

NOTE 3 — INITIAL PUBLIC OFFERING

In connection with the closing
of the Initial Public Offering, the Company sold 10,000,000 Public Units at a purchase price of $10.00 per Public Unit, which resulted
in total gross proceeds to the