Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 17

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
,000 
  
    Less: 

    Proceeds allocated to Public Warrants 
     (3,195,000)
  
    Allocation of offering costs related to redeemable shares 
     (1,641,060)
  
    Plus: 

    Accretion of carrying value to redemption value 
     5,061,060 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     6,614,173 
  
    Ordinary shares subject to possible redemption, December 31, 2024 
    $353,339,173 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     7,422,413 
  
    Ordinary shares subject to possible redemption, June 30, 2025 
    $360,761,586 

Recent Accounting Standards

In November 2023, the FASB
issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU require
disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating officer
decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment
profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses
the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities
will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable
segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280.
This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December
15, 2024, with early adoption permitted. This standard was effective for the Company starting February 9, 2024 (inception) and did not have a material impact on the Company’s
financial statements (see Note 9).

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
condensed financial statements.

F-12

NOTE 3: INITIAL PUBLIC