NMP Acquisition Corp. Announces Closing of $100 Million Initial Public Offering
Rhea-AI Summary
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.
Positive
- None.
Negative
- Blank check company with no operating history
- No specific business combination target identified yet
- Potential dilution from rights conversion
News Market Reaction
On the day this news was published, NMPAU gained 0.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Palo Alto, California, July 02, 2025 (GLOBE NEWSWIRE) -- NMP Acquisition Corp. (Nasdaq: NMPAU) (the “Company”) today announced the closing of its previously announced initial public offering of 10,000,000 units (the “Offering”) at an offering price of
Maxim Group LLC acted as the sole book-running manager for the Offering.
The Company has granted the underwriter a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any.
A registration statement on Form S-1 (File No. 333-286985) (the “Registration Statement”) relating to the securities to be sold in the Offering, as amended, was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 30, 2025. The Offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About NMP Acquisition Corp.
NMP Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the Offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the Offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact Information
NMP Acquisition Corp.
Melanie Figueroa
CEO
Attn: Investor Relations
mailto:ir@nmpspac.com
FAQ
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