NMP Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering

Rhea-AI Summary

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.

Positive

• Successfully priced IPO at $10.00 per unit, raising $100 million
• Additional potential capital through 1,500,000 unit over-allotment option
• Listing on major exchange (Nasdaq Global Market)
• Trust account structure provides security for initial investment
• Flexibility to use up to $300,000 of trust interest for working capital

Negative

• Significant dilution potential through rights conversion (20% additional shares)
• Limited working capital availability ($300,000 maximum from trust interest)
• No specific business combination target identified yet
• Blank check company structure carries inherent uncertainty risks

Insights

Financial Analyst

NMP Acquisition Corp priced its $100M SPAC IPO at $10 per unit, preparing to seek acquisition targets.

NMP Acquisition Corp has priced its initial public offering (IPO) at $100 million, consisting of 10 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one right that converts to one-fifth of a share upon completing a business combination. The company is listing on the Nasdaq Global Market under ticker symbol "NMPAU" with individual components eventually trading as "NMP" and "NMPAR".

This offering follows the standard SPAC (Special Purpose Acquisition Company) structure, with $10.00 per unit deposited into a trust account. The structure allows limited access to interest ($300,000 maximum) for working capital and tax payments. Maxim Group LLC serves as sole book-runner with a 45-day option to purchase up to 1.5 million additional units to cover potential over-allotments.

The blank check company structure means NMP has no current commercial operations and is raising capital specifically to identify and merge with an existing private business, effectively bringing that target company public through the merger. The offering is expected to close on July 2, 2025, pending customary conditions, with proper SEC registration already secured. The $100 million raise positions NMP in the small-to-mid-sized SPAC market, capable of targeting private companies valued between approximately $300-500 million.

Palo Alto, California, June 30, 2025 (GLOBE NEWSWIRE) --  NMP Acquisition Corp. (the “Company”) today 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. 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. In connection with the offering, $10.00 per unit will be deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee. Up to $300,000 of interest earned on the funds held in the trust account, in the aggregate, may be released to us to fund our working capital requirements.  In addition, we may withdraw interest earned on the trust to pay our income and franchise taxes, if any. The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “NMPAU” beginning on July 1, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on Nasdaq under the symbols “NMP” and “NMPAR,” respectively.

Maxim Group LLC is acting 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. The offering is expected to close on July 2, 2025, subject to customary closing conditions.

A registration statement on Form S-1 (File No. 333-286985) (the “Registration Statement”) relating to the securities to be sold in the initial public offering, as amended, was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 30, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16^th 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 initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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 initial public 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
E-mail: mailto:ir@nmpspac.com 

FAQ

What is the IPO price for NMP Acquisition Corp. (NMPAU) and how much did they raise?

NMP Acquisition Corp. priced its IPO at $10.00 per unit, raising a total of $100 million through the offering of 10,000,000 units.

When will NMPAU stock start trading on Nasdaq?

NMPAU units will begin trading on the Nasdaq Global Market on July 1, 2025.

What do NMPAU IPO units include?

Each unit consists of one Class A ordinary share and one right. Each right allows holders to receive one-fifth (1/5) of one Class A ordinary share upon completion of an initial business combination.

Who is the underwriter for the NMPAU IPO?

Maxim Group LLC is acting as the sole book-running manager for the offering.

How much additional capital can NMPAU raise through the over-allotment option?

The underwriter has a 45-day option to purchase up to 1,500,000 additional units at the IPO price to cover over-allotments.

What will happen to the IPO proceeds for NMPAU?

$10.00 per unit will be deposited into a trust account with Continental Stock Transfer & Trust Company, with up to $300,000 of interest available for working capital.