Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 369

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 3
Chunk 369
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in this Annual Report. If we do not complete our initial business combination within the completion window, the private warrants will
expire worthless. The private warrants are subject to the transfer restrictions described below. Otherwise, the private warrants have
terms and provisions that are identical to those of the warrants included in the units being sold in our IPO.

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 February
9, 2024 (inception) to December 31, 2024, the Sponsor paid $539,874 on behalf of the Company, of which $25,000 was paid in exchange for
the issuance of founder shares. As of December 31, 2024, the amount due to the related party was $514,874.

Administrative Services Agreement

The Company entered into an agreement, commencing
on the effective date of the IPO through the earlier of the Company’s consummation of a Business Combination and its liquidation,
to pay an affiliate of the Sponsor a total of up to $10,000 per month for office space and administrative and support services. An administration
fee of $50,000 was recorded and paid for the period from February 9, 2024 (inception) through December 31, 2024.

Related Party Loans

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. As of December 31, 2024, there were no amounts outstanding under the Promissory Note.

In addition, in order to finance transaction costs
in connection with a Business Combination, the sponsor or an affiliate of the sponsor or certain of the Company’s directors and
officers may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the
Company completes a Business Combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account released
to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that
a Business Combination does