Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 53

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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 all factors related to the Company’s potential status under the
Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in
the Trust Account in cash or in an interest bearing demand deposit account at a bank.

6

NMP ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 — DESCRIPTION OF ORGANIZATION
AND BUSINESS OPERATIONS AND GOING CONCERN (cont.)

The Company will provide
the holders of the outstanding Public Shares, excluding the initial shareholders and the Company’s officers and directors to the
extent they acquire Public Shares, either in the Initial Public Offering or in secondary market transactions thereafter (the “Public
Shareholders”), with the opportunity to redeem all or a portion of their Public Shares in connection with a general meeting called
to approve the Business Combination. If the Company does not submit such Business Combination to its shareholders for approval, it will
provide such shareholders with the opportunity to have their shares repurchased by means of a tender offer in connection with the
Business Combination. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender
offer will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the
amount then in the Trust Account (initially anticipated to be $10.00 per Public Share, plus any pro rata interest then in the Trust Account,
which interest shall be net of permitted withdrawals). There will be no redemption rights upon the completion of a Business Combination
with respect to the Private Placement Units. The Public Shares subject to redemption will be recorded at a redemption value and classified
as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board (“FASB”)
Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” 

If the Company seeks shareholder
approval of the Business Combination, the Company will proceed with a Business Combination only if shareholders pass an ordinary resolution
under Cayman Islands law and its amended and restated memorandum and articles of association (the “Articles”) approving a
Business Combination, which requires the affirmative vote of at least a simple majority of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company, or approved