Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 281

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 281
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 working capital
of $21,271. We have incurred and expect to continue to incur significant professional costs to remain as a public traded company and to
incur transaction costs in pursuit of a Business Combination. In connection with our assessment of going concern considerations in accordance
with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability
to Continue as a Going Concern,” we believe that these conditions raise substantial doubt about our ability to continue as a going
concern. In addition, if we are unable to complete a Business Combination within the Combination Period and such period is not extended,
there will be a liquidation and subsequent dissolution. As a result, we have determined that such additional condition also raises substantial
doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from
the outcome of the uncertainty.

15

Liquidity and Capital Resources

On August 2, 2024, we consummated our IPO
of Units, at $10.00 per Unit, generating gross proceeds of $300,000,000. Simultaneously with the closing of our IPO, we 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 Sponsors, generating
total gross proceeds of $7,590,000.

On September 4, 2024, the underwriters exercised
the over-allotment option in full to purchase 4,500,000 Units. As a result, we sold an additional 4,500,000 Units at $10.00 per Unit,
generating gross proceeds of $45,000,000. Simultaneously with the closing of the full exercise of the over-allotment option, we completed
the private sale of an aggregate of 90,000 Private Placement Units, at a purchase price of $10.00 per Private Placement Unit, generating
gross proceeds of $900,000.

Transaction costs amounted to $14,634,758,
consisting of $5,175,000 of cash underwriting fee, $8,625,000 of deferred underwriting fee and $834,758 of other offering costs.

Following the closing of the IPO and over-allotment option, an amount
of $346,725,000 ($10.05 per Unit) from the net proceeds of the sale of the Units in the IPO and