Company: YCY-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109978
Chunk: 22

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 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.

Going Concern Consideration

In connection with the Company’s
assessment of going concern considerations in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards
Codification (“ASC”) 205-40, “Presentation of Financial Statements — Going Concern,” we have
determined that mandatory liquidation, should we not complete a business combination and an extension of our deadline to do so not be
approved by the shareholders of the Company, and potential subsequent dissolution and the liquidity issue raise substantial doubt about
the Company’s ability to continue as a going concern if it does not complete a business combination.

As of September 30, 2025,
the Company had no cash and a working capital deficit of $728,499. As of October 9, 2025 (after consummation of the IPO including the
exercise of the over-allotment option), the Company had $1,062,207 in its operating bank account and a working capital surplus of $826,901.
The Company has incurred and expects to continue to incur significant costs as a publicly traded company, to evaluate business opportunities,
and to close on a business combination. Such costs will be incurred prior to generating any operating revenues. These factors also raise
substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements
are issued.

Management plans to complete
a business combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its
operations until then. However, there can be no assurance that the Company will be able to consummate a business combination within the
completion window or that liquidity will be sufficient to fund operations. The financial statements do not include any adjustments relating
to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to
continue as a going concern.

Related Party Transactions

Founder Shares

On June 10, 2025, the Sponsor
paid $25,000 to cover certain offering costs of the Company in consideration for 2,875,000 Class B ordinary shares of the Company (the
“Founder Shares”). The Founder Shares include an aggregate of up to 375,000 shares subject to forfeiture by the Sponsor to
the extent that the underwriters’ over-allotment is not exercised in full or in part, so