04:44 AM EDT, 07/01/2025 (MT Newswires) -- NMP Acquisition said late Monday it priced an initial public offering of 10 million units at $10 each.
Each unit consists of one share and one right to receive one-fifth of a share upon consummation of an initial business combination, the blank-check company said.
The units are expected to trade on Nasdaq under the ticker symbol "NMPAU" beginning Tuesday, the company said. Once the securities begin separate trading, the shares and rights are expected to trade on Nasdaq under the symbols "NMP" and "NMPAR," respectively.
The company also said it has granted the underwriter a 45-day option to purchase up to 1.5 million additional units.
The offering is expected to close on Wednesday.