Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 181

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1B
Chunk 181
---
 to any founder shares (the “Lock-up”).
Notwithstanding the foregoing, if (1) the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted
for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading
day period commencing at least 150 days after the initial business combination or (2) if the Company consummates a transaction after the
initial business combination which results in the Company’s shareholders having the right to exchange their shares for cash, securities
or other property, the founder shares will be released from the Lock-up.

31

Private Placement Units

Our sponsor purchased an aggregate of 849,000
private placement units, at a price of $10.00 per unit, for an aggregate purchase price of $8,490,000, in a private placement that closed
simultaneously with the closing of the IPO. Each private placement unit entitles the holder thereof to one Class A ordinary share
and one-half of one redeemable warrant to purchase one Class A ordinary share at $11.50 per share, subject to adjustment as described
in this Annual Report. The private warrants are identical to the warrants sold in our IPO, subject to certain limited exceptions as described
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