Company: AAM-UN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107616
Chunk: 172

Company: AA Mission Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part II, Item 8
Chunk 172
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 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 September 30, 2025 and December
31, 2024, the Trust Account had balance of $364,530,636 and $353,339,173, respectively. The dividends earned from the Trust Account totaled
$3,769,050 and $11,191,463 for the three and nine months ended September 30, 2025 respectively, 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.

In comparison, $2,567,083 dividends earned and
reinvested during the three months ended September 30, 2024 and for the period from February 9, 2024 (inception) through September 30,
2024, with similar treatment in the cash flow statements.

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