Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 17

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 17
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 action from the
redeeming public shareholders, which could delay redemptions and result in additional administrative cost. If the proposed initial business
combination is not approved and we continue to search for a target company, we will promptly return any certificates or shares delivered
by public shareholders who elected to redeem their shares.

Our second amended and restated memorandum and articles of association
provide that we will only consummate an initial business combination if our net tangible assets will be at least $5,000,001 either immediately
prior to or upon consummation of our initial business combination. In addition, our proposed initial business combination may impose a
minimum cash requirement for: (i) cash consideration to be paid to the target or its owners, (ii) cash for working capital or
other general corporate purposes or (iii) the retention of cash to satisfy other conditions. In the event the aggregate cash consideration
we would be required to pay for all Class A ordinary shares that are validly submitted for redemption plus any amount required to
satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed the aggregate amount of cash available
to us, we will not complete the initial business combination or redeem any shares in connection with such initial business combination,
and all Class A ordinary shares submitted for redemption will be returned to the holders thereof. We may, however, raise funds through
the issuance of equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination,
including pursuant to forward purchase agreements or backstop arrangements we may enter into following our IPO, in order to, among other
reasons, satisfy such net tangible assets or minimum cash requirements.

Redemption of Public Shares and Liquidation if No Initial Business
Combination

Our second amended and restated memorandum and articles
of association provide that we will have only until the end of the completion window to complete our initial business combination. If
we are unable to complete our initial business combination within such completion window, we will: (i) cease all operations except
for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem
the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
interest earned on the funds held in the trust account (which interest shall be net of permitted withdrawals and up to $100,000 of interest
to pay dissolution expenses