- NMP Acquisition Corp. (NMPAU, Financial) launches $100 million IPO at $10 per unit.
- The IPO units will trade on Nasdaq under the symbol "NMPAU" starting July 1, 2025.
- Maxim Group LLC manages the IPO with an option for additional unit purchases.
NMP Acquisition Corp. (NMPAU) has officially priced its initial public offering (IPO) at $100 million, offering 10 million units at $10.00 per unit. Each IPO unit consists of one Class A ordinary share and one right, with the right allowing holders to receive one-fifth of a Class A ordinary share upon completion of an initial business combination.
Trading for the units will commence on July 1, 2025, on the Nasdaq Global Market under the symbol "NMPAU". After the initial trading phase, the Class A ordinary shares and rights will trade separately under the symbols "NMP" and "NMPAR," respectively.
Maxim Group LLC is serving as the sole book-running manager for this offering. The firm has also been granted a 45-day option to purchase up to 1.5 million additional units to cover any potential over-allotments.
The offering is expected to close on July 2, 2025, with each unit's proceeds of $10.00 being held in a trust account. The structure allows NMP Acquisition Corp. to utilize up to $300,000 of the interest earned on these funds for meeting working capital requirements. The company operates as a blank check entity, intending to merge with or acquire a private business, thus taking it public via the business combination.
