Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 180

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 8
Chunk 180
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 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 Company’s
directors and officers may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”).
If the Company completes a Business Combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account
released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the
event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the
Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing,
the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans.
Up to $1,500,000 of such Working Capital Loans may be convertible into private placement-equivalent Units at a price of $10.00 per
Unit at the option of the lender. Such Units would be identical to the Private Placement Units. The terms of such Working Capital
Loans by our Sponsor or its affiliates, or our officers and directors, if any, have not been determined and no written agreements exist
with respect to such loans.

With reference to the above,
on May 22, 2025, the Company issued a convertible promissory note in the principal amount of $1,000,000 to AA Mission Acquisition Sponsor
Holdco LLC (the “Sponsor”) to fund working capital needs and expenses related to the Company’s initial business combination
(the “Convertible Promissory Note”). The Convertible Promissory Note is non-interest bearing and matures upon the closing
of a business combination. The note may not be prepaid without the Sponsor’s consent.

At the Sponsor’s election,
all or a portion of the unpaid principal amount of the Convertible Promissory Note may be converted into private units of the Company
at a conversion price of $10.00 per unit, with each unit consisting of the same securities issued in the Company’s initial public
offering. The number of units to be received by the Sponsor in connection with such conversion shall be determined by dividing (x) the
sum of the outstanding principal amount payable to the Sponsor by (y) $10.00. No fractional units will be issued upon conversion,