Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 82

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 82
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 The
Company is authorized to issue 20,000,000 Class B ordinary shares with $0.0001 par value. As of December 31, 2024, there were
8,625,000 Class B ordinary shares issued and outstanding. Initially, up to 1,125,000 of these shares were subject to forfeiture to the
extent that the underwriters’ over-allotment option was not exercised in full or in part ensuring that the number of founder shares
would equal 20% of the Company’s issued and outstanding ordinary shares after the IPO (excluding shares underlying the Private Placement
Units) (See Note 4 and Note 5 for further details). However, no Class B ordinary shares are subject to forfeiture as the over-allotment
was fully exercised on September 4, 2024.

Warrants

Each
Unit consisted of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitled the holder thereof to
purchase one Class A ordinary share at a price of $11.50 per share, exercisable 30 days after the completion of our initial business
combination and will expire five years after the completion of our initial business combination or earlier upon redemption or our liquidation. The Company will not issue fractional shares in connection with an
exchange of warrants. Fractional shares will be either rounded down to the nearest whole share or otherwise addressed in accordance with
the applicable provisions of Cayman law.

If
the Company is unable to complete the initial Business Combination within the required time period and the Company will redeem the public
shares for the funds held in the trust account, holders of warrants will not receive any of such funds for their warrants and the warrants
will expire worthless.

NOTE
8: FAIR VALUE MEASUREMENTS

The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December
31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

    Quoted  
    Significant  
    Significant 

    Prices in  
    Other  
    Other 

    As of  
    Active  
    Observable  
    Unobservable 

    December 31,  
    Markets  
    Inputs  
    Inputs 

    2024  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets