Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 7

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 7
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 Public Warrant entitling the holder to purchase one Class A
ordinary share for $11.50 per share, subject to adjustment.

Simultaneously with the closing of the Base Offering,
the Company consummated the sale of 759,000 private placement units (the “Private Placement Units” and, together with
the Public Units, the “Units”) to the sponsor, at a price of $10.00 per Private Placement Unit, or $7,590,000 in the
aggregate. Each Private Placement Unit is identical to the Public Units.

Subsequently, on September 4, 2024, the underwriters fully exercised
the over-allotment option (the “Over-Allotment” and collectively with the Base Offering, the “IPO”))
and the closing of the issuance and sale of the additional Units occurred on September 5, 2024. The total aggregate issuance by the Company
of 4,500,000 Units at a price of $10.00 per Unit resulted in total gross proceeds of $45,000,000. Simultaneously with the closing of the
Over-Allotment, pursuant to the private placement unit purchase agreement, dated July 31, 2024, between the Company and AA Mission Acquisition
Sponsor Holdco LLC, the Company completed the private sale of 90,000 Private Placement Units to the Sponsor at a purchase price of $10.00
per Private Placement Unit generating gross proceeds to the Company of $900,000.

A total of $346,725,000 of the proceeds from IPO
and Private Placement, was placed in the trust account (the “Trust Account”). The funds held in the Trust Account are
invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended
(the “Investment Company Act”), with a maturity of 185 days or less or in money market funds meeting certain conditions
under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations.

4

Initial Business Combination

Our initial business combination must occur with
one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the trust account
at the time of execution of the definitive agreement for such business combination. Our board of directors will make the determination
as to the fair market value of our initial business combination