other_material
confidence high
sentiment positive
materiality 0.65
NMP Acquisition Corp. closes full over-allotment option, raising additional $15M in IPO
NMP Acquisition Corp.
- Underwriters exercised over-allotment in full for 1,500,000 Units at $10/unit, raising $15M gross proceeds.
- Sponsor Next Move Capital LLC purchased 7,500 additional Private Units at $10/unit for $75,000.
- Total trust account holds $115M from IPO (including over-allotment) and private placements.
- Underwriters waived $37,500 in commissions on over-allotment; added to working capital.
- Issued 60,000 Class A ordinary shares to underwriters' representative as compensation.
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