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NMP Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
Globenewswire·2025-07-01 00:44

Company Overview - NMP Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5]. Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1]. - Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the company's initial business combination [1]. - The offering is expected to close on July 2, 2025, subject to customary closing conditions [2]. - Maxim Group LLC is acting as the sole book-running manager for the offering and has been granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments [2]. Trust Account and Fund Management - $10.00 per unit will be deposited into a trust account, with up to $300,000 of interest earned on the funds potentially released to fund working capital requirements [1]. - The company may also withdraw interest earned on the trust to pay income and franchise taxes, if applicable [1]. Trading Information - The units are expected to trade on the Nasdaq Global Market under the ticker symbol "NMPAU" beginning on July 1, 2025 [1]. - Once the securities begin separate trading, the Class A ordinary shares and rights are expected to trade under the symbols "NMP" and "NMPAR," respectively [1]. Regulatory Compliance - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [3]. - The offering is being made only by means of a prospectus, which can be obtained from Maxim Group LLC or accessed on the SEC's website [3].