NMP Acquisition Corp. reported net income of $593067 for the first quarter of 2026, a swing to profitability from a loss of $55567 in the year‑ago quarter; diluted earnings per share were $0.04 versus $(0.02) a year earlier. The company continues to operate as a special purpose acquisition company with no operating revenues while it searches for a business combination.
Financial Highlights
- Net income was $593,067 for 1Q 2026, versus $(55,567) in 1Q 2025 — a year‑over‑year swing to profit.
- Diluted earnings per share were $0.04 for 1Q 2026 (basic & diluted), compared with $(0.02) for 1Q 2025.
Business Highlights
- Business model: Cayman Islands blank‑check (SPAC) formed to identify and complete an initial business combination.
- Capital deployment: $115M placed in Trust to be used primarily to fund an initial business combination and post‑combination operations.
- Operational activity: No operating revenues; activities limited to organizational setup, IPO, due diligence, and target identification.
- Liquidity & support: Sponsor committed loans (up to $300K, potentially $500K) and permitted interest withdrawals to fund search and due diligence.
- Timeline & risk: Must complete a business combination by Jan 2, 2027 (or extend), creating a defined liquidation deadline that affects strategy.
Original SEC Filing:
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