Company: YCY-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109978
Chunk: 34

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 34
---
2025, the
Company entered into an agreement commencing on the October 1, 2025 listing date of the IPO to pay the Sponsor a total of up to $10,000
per month for office space and administrative and support services. Upon completion of a business combination or its liquidation, the
Company will cease paying these monthly fees.

Promissory Note

On June 10, 2025, the Sponsor
issued an unsecured promissory note to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to
an aggregate principal amount of $300,000. The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31,
2025, or (ii) the closing of the IPO. As of September 30, 2025, there were no amounts outstanding under the Promissory Note.

Due to Related Party

The Sponsor pays certain costs
on behalf of the Company, with such amounts reflected as due to related party. These amounts are due on demand and non-interest bearing.
During the period from May 20, 2025 (inception) through September 30, 2025, the Sponsor paid certain costs totaling $270,013 on behalf
of the Company, of which $25,000 was paid in exchange for the issuance of the Founder Shares. As of September 30, 2025, the amount due
to the related party was $245,013.

Working Capital Loans

In addition, in order to finance
transaction costs in connection with a business combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s
directors and officers may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”).
If the Company completes a business combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account
released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the
event that a business combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the
Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing,
the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans.
Up to $1,500,000 of such Working Capital