Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 48

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 48
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 our second amended and restated memorandum and articles of association. If we do not complete our initial
business combination within the prescribed time frame, the private placement units will expire worthless. Furthermore, subject to certain
limited exceptions, our initial shareholders have agreed not to transfer, assign or sell any of their founder shares until the earlier
of: (i) one year following the consummation of the Business Combination; (ii) subsequent to the consummation of a Business Combination,
when the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing at least 150 days after the initial
Business Combination; or (iii) the date on which the Company completes a liquidation, merger, stock exchange or other similar transaction
after the initial Business Combination, that results in all of the Company’s stockholders having the right to exchange their Ordinary
Shares for cash, securities or other property. Subject to certain limited exceptions, the private placement units and the Class A
ordinary shares underlying such warrants, will not be transferable until 30 days following the completion of our initial business
combination. Because each of our executive officers and director own ordinary shares or warrants directly or indirectly, they may have
a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial
business combination.

●Our officers and directors may have a conflict of interest
with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included
by a target business as a condition to any agreement with respect to our initial business combination.

●Our officers, directors, shareholders or affiliates may be
paid fees upon the successful completion of our initial business combination as described above.

We are not prohibited from
pursuing an initial business combination with a business combination target that is affiliated with our sponsor, officers or directors
or completing the business combination through a joint venture or other form of shared ownership with our sponsor, officers or directors.
In the event we seek to complete our initial business combination with a business combination target that is affiliated with our sponsor,
executive officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent investment banking
firm or another independent entity that commonly renders valuation opinions, that such initial business combination is fair to our company
from a