Company: YCY-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109978
Chunk: 33

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 33
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 continue to incur significant costs as a publicly traded company, to evaluate business opportunities,
and to close on a business combination. Such costs will be incurred prior to generating any operating revenues. These factors also raise
substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements
are issued.

Management plans to complete
a business combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its
operations until then. However, there can be no assurance that the Company will be able to consummate a business combination within the
completion window or that liquidity will be sufficient to fund operations. The financial statements do not include any adjustments relating
to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to
continue as a going concern.

Related Party Transactions

Founder Shares

On June 10, 2025, the Sponsor
paid $25,000 to cover certain offering costs of the Company in consideration for 2,875,000 Class B ordinary shares of the Company (the
“Founder Shares”). The Founder Shares include an aggregate of up to 375,000 shares subject to forfeiture by the Sponsor to
the extent that the underwriters’ over-allotment is not exercised in full or in part, so that the Sponsor will collectively own,
on an as-converted basis, 20% of the Company’s issued and outstanding shares after the IPO. As of September 30, 2025, there were
2,875,000 Founder Shares issued and outstanding, of which up to 375,000 Founder Shares were subject to forfeiture if the underwriters’
over-allotment option was not exercised. On October 9, 2025, the underwriters fully exercised the over-allotment and, therefore, 375,000
Class B ordinary shares were not forfeited.

Private Placement

On October 2, 2025, the Company
consummated the Private Placement of 334,000 Private Placement Units to the Sponsor at a price of $10.00 per Private Placement Unit, generating
gross proceeds of $3,340,000. On October 9, 2025, the Company consummated the Private Placement of an additional 26,250 Private Placement
Units to the Sponsor at $10.00 per Private Placement Unit, generating gross proceeds of $262,500.

3

Administrative Services Agreement

On September 30,