Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 7

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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, the Company consummated the IPO of 30,000,000 units (the “Units”
and, with respect to the shares of Class A ordinary shares included in the Units being offered, the “Public Shares”), at $10.00
per Unit, generating gross proceeds of $300,000,000.

Simultaneously with the consummation
of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”) of 759,000 units
(the “Initial Private Placement Units”) to the Sponsor, at a price of $10.00 per Private Placement Unit, generating total
proceeds of $7,590,000.

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. These costs were charged to additional paid-in capital or accumulated deficit to the extent
additional paid-in capital is fully depleted upon completion of the IPO.

On
September 4, 2024, the underwriters exercised their over-allotment option in full to purchase an additional 4,500,000 Units.
As a result, the Company 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. 

On May 22, 2025, the Company
issued an unsecured, non-interest bearing convertible promissory note in the principal amount of $1,000,000 to its Sponsor to fund working
capital needs (the “Convertible Promissory Note”). The Convertible Promissory Note matures upon the closing of a business
combination. At the Sponsor’s election, the outstanding principal may be converted into private units of the Company at a conversion
price of $10.00 per unit. The number of units to be issued upon conversion is determined by dividing (x) the outstanding principal by
(y) $10.00. No fractional units will be issued. If a business combination is not consummated, the Convertible Promissory Note will only
be repaid from