Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 56

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 56
---
 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.

2

As of March 31, 2025, we had cash of $57,904.
We will use these funds primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses,
travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review
corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a business combination,
and to pay taxes to the extent the interest earned on the trust account is not sufficient to pay our taxes.

While we do not anticipate the need to raise additional
funds immediately to support our operations, the existing working capital deficit indicates that additional funding may be required. If
our estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial business combination
are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial
business combination. Moreover, we may need to obtain additional financing either to complete our initial business combination or because
we become obligated to redeem a significant number of our public shares upon completion of our initial business combination, in which
case we may issue additional securities or incur debt in connection with such business combination.

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