Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 47

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 47
---
 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.

On May 22, 2025, the Company issued an unsecured,
non-interest bearing convertible promissory note to Sponsor in the principal amount of $1,000,000 to its Sponsor (the “Convertible
Promissory Note”) to fund working capital needs. The outstanding principal may be converted into private units of the Company at
a conversion price of $10.00 per unit. The number of units to be issued upon conversion is determined by dividing (x) the outstanding
principal by (y) $10.00. No fractional units will be issued. If a business combination is not consummated, the note will only be repaid
from funds held outside the trust account.

As of June 30, 2025, we had cash of $864,995.
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,