Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 283

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 283
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 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.

16

Related Party Transactions

Founder Shares

On March 19, 2024, the Sponsors received 8,625,000 of the Company’s
Class B ordinary shares (“founder shares”) in exchange for $25,000 paid for deferred offering costs borne by the Sponsors.
Up to 1,125,000 of such founder shares were subject to forfeiture to the extent that the underwriters’ over-allotment was not exercised
in full. On September 4, 2024, the underwriters exercised the over-allotment option in full.

The Sponsors have agreed, subject to limited exceptions, not to transfer,
assign or sell any of the founder shares until the earlier to occur of: (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