NMP Acquisition Corp Unit(NMPAU) - 2025 Q3 - Quarterly Report

Financial Performance - For the nine months ended September 30, 2025, the company reported a net income of $838,497, primarily from investment income[121]. - Cash used in operating activities for the nine months ended September 30, 2025, was $451,394[131]. IPO and Fundraising - The company raised gross proceeds of $100,000,000 from the IPO by selling 10,000,000 units at $10.00 per unit[123]. - An additional $11,500,000 was generated from the full exercise of the underwriters' over-allotment option, selling 1,500,000 units at $10.00 per unit[124]. - The company incurred transaction costs of $5,457,575 related to the IPO, including $537,500 in cash underwriting fees[125]. Cash and Liquidity - As of September 30, 2025, the company had a cash balance of $440,824 and working capital of $566,713[122]. - The company expects to satisfy liquidity requirements through cash on hand and permitted withdrawals from the Trust Account[130]. - The funds in the Trust Account will be used to complete the initial business combination, with permitted withdrawals limited to $300,000[118][126]. - The company has a loan agreement with its sponsor for up to $300,000 to cover expenses, which may be increased to $500,000[122]. Operations and Accounting - The company has not engaged in any operations or generated revenues to date, with no critical accounting policies identified as of September 30, 2025[120][140]. - As of September 30, 2025, the company reported operations as a single reportable segment, indicating no disaggregation of activities by geographic region or business activity[143]. - Management believes that recently issued accounting standards will not have a material effect on the company's financial statements[144]. - The company qualifies as a smaller reporting company and is not required to provide certain market risk disclosures[145]. Regulatory and Reporting - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may exempt it from certain disclosures for five years post-IPO[142]. - The FASB issued Accounting Standards Update 2023-07, effective for fiscal years beginning after December 15, 2023, requiring public entities to disclose significant segment expense categories[143].