Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 12

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 without limitation, claims by vendors and prospective target businesses.

Going Concern Considerations

At June 30, 2025, the Company had cash of $1,325,110 and
a working capital deficit of $159,217.

Subsequent to the consummation
of the Initial Public Offering and the exercise of the underwriters’ over-allotment option in full, the Company’s liquidity
has been satisfied through the net proceeds from the consummation of the Initial Public Offering and the Private Placement held outside
of the Trust Account. Further, our Sponsor has agreed to loan up to $300,000 in loans to cover organizational, offering-related and
post-offering expenses, which may include transaction costs in connection with a Business Combination, which amount may be increased
to $500,000, if we and our Sponsor agree. These loans are evidenced by a promissory note dated December 31, 2024, as amended on June 23,
2025. Additionally, interest earned on the funds held in the Trust Account may be released to us as permitted withdrawals to fund our
working capital requirements, subject to a limit of $300,000, in the aggregate, of the interest earned on the funds held in the Trust
Account.

Based on the foregoing, management
believes that the Company will have sufficient working 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 will be using the
funds held outside of the Trust Account, and, to the extent needed, the additional sources of working capital described above, 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.

F-7

NMP ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS

NOTE 2 — SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited
financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America
(“GAAP”) and pursuant to the rules and regulations of the SEC.

In the opinion of management,
all adjustments (consisting of a normal accruals) considered for a fair