Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 29

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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generating gross proceeds of $900,000.

Promissory Note - Related Party

The Sponsor issued an unsecured promissory note
to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount
of $300,000. The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31, 2024, or (ii) the consummation
of the IPO. Since the note has expired as of December 31, 2024, there were no amounts outstanding under the Promissory Note as of June
30, 2025.

Due to Related Party

The Sponsor paid certain formation, operating
or deferred offering costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During the period from
February 9, 2024 (inception) to June 30, 2025, the Sponsor paid $539,874 on behalf of the Company, of which $25,000 was paid in exchange
for the issuance of founder shares. As of June 30, 2025 and December 31, 2024, the amount due to the related party was $514,874.

Administrative Services Agreement

The Company entered into an agreement, commencing
on the effective date of the IPO through the earlier of the Company’s consummation of a Business Combination and its liquidation,
to pay an affiliate of the Sponsor a total of up to $10,000 per month for office space and administrative and support services. During
the three and six months ended June 30, 2025, the Company incurred an administration fee of $30,000 and $60,000, all of which was paid
by June 30, 2025. No administration fee was booked during the period from February 9, 2024 (inception) through June 30, 2024.

Working 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