Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 188

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 8
Chunk 188
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Related Party Transactions

Founder Shares

On March 19, 2024, the Sponsors received
8,625,000 of the Company’s Class B ordinary shares (“founder shares”) in exchange for $25,000 paid for deferred
offering costs borne by the Sponsors. Up to 1,125,000 of such founder shares were subject to forfeiture to the extent that the underwriters’
over-allotment was not exercised in full. On September 4, 2024, the underwriters exercised the over-allotment option in full.

The Sponsors have agreed, subject to limited exceptions,
not to transfer, assign or sell any of the founder shares until the earlier to occur of: (i) one year following the consummation of our
initial Business Combination and (ii) the date on which the Company completes a liquidation, merger, share exchange, reorganization or
other similar transaction after an initial Business Combination that results in all of our shareholders having the right to exchange their
ordinary shares for cash, securities or other property.

3

Private Placement

The Company 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 Sponsor, generating gross proceeds
of $7,590,000 to the Company. On September 4, 2024, with the closing of the full exercise of the over-allotment option, we completed
the private sale of an aggregate of additional 90,000 Private Placement Units, at a purchase price of $10.00 per Private Placement Unit,
generating gross proceeds of $900,000.

Promissory Note - Related Party

The Sponsor issued an unsecured promissory note
to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount
of $300,000. The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31, 2024, or (ii) the consummation
of the IPO. Since the note has expired as of December 31, 2024, there were no amounts outstanding under the Promissory Note as of June
30, 2025.

Due to Related Party

The Sponsor paid certain formation, operating
or deferred offering costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During the period from