Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 125

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 125
---

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.

3

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. Since the note has expired as of December 31, 2024, there were no amounts outstanding under the Promissory Note as of March
31, 2025.

Due to Related Party

The Sponsor paid certain formation, operating
or deferred offering costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During the period from
February 9, 2024 (inception) to March 31, 2025, the Sponsor paid $539,874 on behalf of the Company, of which $25,000 was paid in exchange
for the issuance of founder shares. As of March 31, 2025 and December 31, 2024, the amount due to the related party was $514,874.

Administrative Services Agreement

The Company entered into an agreement, commencing
on the effective date of the IPO through the earlier of the Company’s consummation of a Business Combination and its liquidation,
to pay an affiliate of the Sponsor a total of up to $10,000 per month for office space and administrative and support services. During
the three months ended March 31, 2025, Company incurred an administration fee of $30,000 of which $10,000 were recorded under accrued
expenses as unpaid as of March 31, 2025. No administration fee was booked during the period from February 9, 2024 (inception) through
March 31, 2024.

Working Capital Loans

In addition, in order to finance transaction costs
in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the