Company: YCY-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109978
Chunk: 20

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 the three months ended
September 30, 2025 and the period from May 20, 2025 (inception) through September 30, 2025, we has a net loss of $89,342 and $131,935,
respectively, derived from general and administrative expenses.

Liquidity and Capital Resources

On October 2, 2025, we consummated
the IPO of 10,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units being offered,
the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $100,000,000. Simultaneously with the consummation
of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”) of 334,000 units
(the “Private Placement Units”) to AA Mission Sponsor II (the “Sponsor”) at a price of $10.00 per Private Placement
Unit, generating gross proceeds of $3,340,000.

Transaction costs amounted
to $4,621,564, consisting of $1,500,000 of cash underwriting fees, $2,500,000 of deferred underwriting commissions which will be paid
on the consummation of the initial business combination, and $621,564 of other offering costs

On October 9, 2025, the underwriters
exercised their over-allotment option in full to purchase an additional 1,500,000 Units at $10.00 per Unit, generating gross proceeds
of $15,000,000. Simultaneously with the sale of the over-allotment Units, the Company consummated the Private Placement of an additional
26,250 Private Placement Units to the Sponsor at $10.00 per Private Placement Unit, generating gross proceeds of $262,500.

Transaction costs amounted
to $225,000 for cash underwriting commission arising from the sale of the over-allotment Units.

Upon the closing of the IPO
and the Private Placement (including the effects of the exercise of the over-allotment option), $115,287,500 ($10.025 per Unit) of the
net proceeds of the IPO (including the over-allotment Units) and certain of the proceeds of the Private Placement (including the additional
Private Placement Units) were placed in a trust account (the “Trust Account”) with Continental Stock Transfer & Trust
Company acting