Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 123

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 123
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 of
$3,702,541.

For the period from February 9, 2024 (inception)
through March 31, 2024, we had a net loss of $6,650 derived from formation and operating costs. 

Liquidity and Capital
Resources

On August 2, 2024, we
consummated our IPO of Units, at $10.00 per Unit, generating gross proceeds of $300,000,000. Simultaneously with the closing of our IPO,
we consummated the sale of 759,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement to the
Sponsors, generating total gross proceeds of $7,590,000.

On September 4, 2024,
the underwriters exercised the over-allotment option in full to purchase 4,500,000 Units. As a result, we sold an additional 4,500,000
Units at $10.00 per Unit, generating gross proceeds of $45,000,000. Simultaneously with the closing of the full exercise of the over-allotment
option, we completed the private sale of an aggregate of 90,000 Private Placement Units, at a purchase price of $10.00 per Private Placement
Unit, generating gross proceeds of $900,000.

Transaction costs amounted
to $14,634,758, consisting of $5,175,000 of cash underwriting fee, $8,625,000 of deferred underwriting fee and $834,758 of other offering
costs.

Following the closing of the IPO and over-allotment
option, an amount of $346,725,000 ($10.05 per Unit) from the net proceeds of the sale of the Units in the IPO and the Private Placement
was placed in a trust account. The funds held in the Trust Account may be invested in U.S. government securities with a maturity of 185
days or less. We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned
on the trust account, to complete our initial business combination. To the extent that our capital stock or debt is used, in whole or
in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used
as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

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