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NMP Acquisition Corp. (Nasdaq: NMPAU) has successfully completed its initial public offering, raising $100 million through the sale of 10 million units at $10.00 per unit.
Each unit consists of one Class A ordinary share and one right, with the right entitling holders to receive one-fifth of a Class A ordinary share upon completing an initial business combination. The units trade on Nasdaq under "NMPAU", with Class A shares and rights to trade separately under "NMP" and "NMPAR" symbols respectively.
Maxim Group LLC served as the sole book-runner and has a 45-day option to purchase up to 1.5 million additional units to cover over-allotments.
NMP Acquisition Corp. (NASDAQ:NMPAU) has announced the pricing of its $100 million initial public offering, consisting of 10,000,000 units priced at $10.00 per unit. Each unit includes one Class A ordinary share and one right, with the right entitling holders to receive one-fifth of a Class A ordinary share upon completion of an initial business combination.
The units will begin trading on the Nasdaq Global Market under "NMPAU" on July 1, 2025. Once separate trading begins, the Class A ordinary shares and rights will trade under symbols "NMP" and "NMPAR" respectively. Maxim Group LLC serves as the sole book-running manager and has been granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments.
The offering is expected to close on July 2, 2025, with $10.00 per unit being deposited into a trust account. Up to $300,000 of interest earned on the trust funds may be released for working capital requirements.
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