Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 279

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 279
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ings

On March 19, 2024, sponsor,
paid $25,000, or approximately $0.003 per share, in consideration of 8,625,000 founder shares. Such securities were issued in connection
with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. The number
of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 34,500,000 units
if the underwriters’ over-allotment option is exercised in full and therefore that such founder shares would represent approximately
20% of the outstanding shares after this offering. Up to 1,125,000 of these shares were subject to forfeit depending on the extent to
which the underwriters’ over-allotment is exercised.

Our sponsor, is the record holder of the shares
reported herein. Qing Sun, our Chief Executive Officer, is the sole manager of our sponsor and has voting and investment discretion with
respect to the securities held of record by our sponsor and may be deemed to have beneficial ownership of the securities held directly
by our sponsor. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D. Each of the equity holders
in our sponsor is an accredited investor under Rule 501 of Regulation D. The sole business of our sponsor is to act as
the Company’s sponsor in connection with this offering. The limited liability company agreement of our sponsor provides that its
membership interests may only be transferred to our officers or directors or other persons affiliated with our sponsor, or in connection
with estate planning transfers.

Simultaneously with the closing
of our IPO, the placement unit purchaser 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. This issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of
the Securities Act.

Item 6. [Reserved]

14

Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.

The following discussion and analysis of the Company’s financial
condition and results of operations should be read in conjunction with our audited financial statements and the notes related thereto
which are included in Item 8. – Financial Statements and Supplementary Data of this Annual Report on Form 10-K. Certain information
contained in the discussion and analysis