Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 263

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1C
Chunk 263
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 34%
  
    Numerators: 

    Allocation
    of net loss including accretion of temporary equity 
     (26,655,002) 
     (13,665,142)
  
    Income
    earned on Trust Account 
     6,614,173  
     — 
  
    Accretion
    of temporary equity to redemption value 
     39,561,173  
     — 
  
    Allocation
    of net income/(loss) 
     19,520,344  
     (13,665,142)

    Denominators: 

    Weighted-average
    shares outstanding 
     15,568,807  
     7,981,615 
  
    Basic
    and diluted net income/(loss) per share 
     1.25  
     (1.71)

F-10

Related
Parties

Parties,
which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control
the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also
considered to be related if they are subject to common control or common significant influence.

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value
Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to
their short-term nature.

The
Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that
framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a
liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement
date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize
the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use
in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable
inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market
participants would use in pricing the asset or liability and are to