Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 43

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 (including underwriting discounts and commissions) incurred through the balance sheet date that are
directly related to the IPO and that were charged to shareholders’ equity upon the completion of the IPO on August 2, 2024.

Warrant Instruments

The Company accounted for
the Public and Private Warrants to be issued in connection with the IPO and the Private Placement in accordance with the guidance contained
in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified the warrant instrument
under equity treatment at their assigned value.

F-9

Net Loss Per Ordinary Share

The Company complies with
accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. The statements of operations include a presentation of income
(loss) per redeemable share and income (loss) per non-redeemable share following the two-class method of income per share. In order to
determine the net income (loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the
undistributed income (loss) allocable to both the redeemable shares and non-redeemable shares and the undistributed income (loss) is calculated
using the total net loss less any dividends paid. The Company then allocated the undistributed income (loss) ratably based on the weighted
average number of shares outstanding between the redeemable and non-redeemable shares. Any remeasurement of the accretion to redemption
value of the common shares subject to possible redemption was considered to be dividends paid to the public shareholders. As of March
31, 2025, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into
ordinary shares and then share in the earnings of the Company. As a result, diluted income (loss) per share is the same as basic income
(loss) per share for the period presented.

The net income (loss) per
share presented in the statements of operations is based on the following:

    For the Three
 Months Ended March 31,
 2025  
    For the Period
 from February 9,
 2024 (Inception)
 Through March 31,
 2024 
  
    Net income (loss) 
    $3,386,331  
    $(6,650)
  
    Interest earned on investment held in Trust Account 
     (3,700,043)