Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 42

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 date of the financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly
from those estimates.

Cash and Cash Equivalents

The Company considers all
short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had a
cash balance of $57,904 and $417,897 as of March 31, 2025 and December 31, 2024, respectively. The Company had no cash equivalents as
of March 31, 2025 and December 31, 2024.

Investments Held in Trust Account

The Company’s portfolio of investments held
in the Trust Account is comprised of investments only in U.S. government securities with a maturity of 185 days or less or in money market
funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury
obligations. The Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented
on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair 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
March 31, 2025 and December 31, 2024, the Trust Account had balance of $357,039,216 and $353,339,173, respectively. The dividends earned
from the Trust Account totaled $3,700,043 for the three months ended March 31, 2025, 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.

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