Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 171

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 8
Chunk 171
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 value at the end of each reporting period. Gains
and losses resulting from the change in fair value of investments held in Trust Account are included in dividends earned on
marketable securities held in Trust Account in the accompanying statements of operations. The estimated fair value of investments
held in the Trust Account is determined using available market information. As of June 30, 2025 and December 31, 2024, the Trust
Account had balance of $360,761,586 and $353,339,173, respectively. The dividends earned from the Trust Account totaled $3,722,370
and $7,422,413 for the three and six months ended June 30, 2025, which were fully reinvested into the Trust Account as earned and
unrealized gain on investments and therefore presented as an adjustment to the operating activities in the Statements of Cash
Flows.

F-8

Concentration of Credit Risk

Financial instruments that
potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times,
may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could
have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.

Offering Costs

Offering costs consist of
legal, accounting, and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are
directly related to the IPO and that were charged to shareholders’ equity upon the completion of the IPO on August 2, 2024.

Warrant Instruments

The Company accounted for
the Public and Private Warrants to be issued in connection with the IPO and the Private Placement in accordance with the guidance contained
in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified the warrant instrument
under equity treatment at their assigned value.

Net Income (Loss) Per Ordinary Share

The Company complies with
accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. The statements of operations include a presentation of income
(loss) per redeemable share and income (loss) per non-redeemable share following the two-class method of income per share. In order to
determine the net income (loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the
undistributed income (