Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 32

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 32
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: (i) one year following the consummation of our initial Business
Combination and (ii) the date on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction
after an initial Business Combination that results in all of our shareholders having the right to exchange their ordinary shares for cash,
securities or other property.

Private Placement

The Company consummated the sale of 759,000 Private Placement
Units at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor, generating gross proceeds of $7,590,000 to
the Company. On September 4, 2024, with the closing of the full exercise of the over-allotment option, we completed the private sale of
an aggregate of additional 90,000 Private Placement Units, at a purchase price of $10.00 per Private Placement Unit, generating gross
proceeds of $900,000.

Promissory Note — Related
Party

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.

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