NMP Acquisition Corp. (NMP) Form 8-K — Sep 8, 2026
NMP Acquisition Corp. (Nasdaq: NMP) has signed a Business Combination Agreement, dated September 4, 2026, with GTS Holdings, LLC and its operating subsidiary Gibson Technical Services, Inc., a provider of engineering, construction and maintenance services for the broadband, wireless, healthcare and technology industries. The deal values the target at a $400,000,000 enterprise value. Under the double-merger structure, NMP and GTS will both become wholly-owned subsidiaries of GTS Holdings, Inc., a Nevada corporation whose Class A shares must be approved for Nasdaq listing at closing.
Key figures
- Debt Amount
- $75,000,000 First Lien Secured Promissory Note re-issued to Streeterville Capital; up to $82,000,000 total retained seller debt including line of credit
- Cash Position
- $118,866,021.54 (SPAC trust account balance as of June 30, 2026)
- Deal Value Usd
- 400000000
- Interest Rate
- 9% per annum preferred return on Pubco Series A preferred (12% following an uncured event of default)
- Shares Outstanding
- 12,137,500 Class A ordinary shares and 3,833,333 Class B ordinary shares as of the agreement date
- Outside date
- December 31, 2026 (extendable to January 31, 2027)
- Lockup period
- 6 months post-closing; early release if VWAP >= $12.00 for 20 of 30 trading days
- Enterprise value
- $400,000,000
- Preferred stated value
- $1,000 per share ($75,000,000 aggregate)
- Audit delivery deadline
- September 19, 2026 (or 15 days from signing)
- Common vs class b split
- 95% Class A / 5% Class B (20 votes per share)
- Preferred shares issued
- 75000
- Retained seller debt cap
- $82,000,000
- Seller line of credit max
- $7,000,000
- Equity incentive plan pool
- 15% of post-closing shares outstanding
- Preferred conversion price
- $12.00
- Seller notes original principal
- ["$42,113,840.90","$14,881,621.34","$20,931,076.84"]
- Merger consideration share price
- $10.00 per Pubco Class A and Class B share
Price after filing
Close on the filing date to close N calendar days later (from $10.37). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.