Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 330

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 330
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 liquidation, merger, share exchange, reorganization or
other similar transaction after an initial Business Combination that results in all of our shareholders having the right to exchange their
ordinary shares for cash, securities or other property.

Private
Placement

The
Company consummated the sale of 759,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private
placement to the Sponsor, generating gross proceeds of $7,590,000 to the Company. On September 4, 2024, with the closing of the
full exercise of the over-allotment option, we completed the private sale of an aggregate of additional 90,000 Private Placement Units,
at a purchase price of $10.00 per Private Placement Unit, 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. As of December 31, 2024, there were no amounts outstanding under the Promissory Note.

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 December 31, 2024, 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 December 31, 2024, the amount due to the related party was $514,874.

F-13

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. An administration fee of $50,000 was recorded and paid for the period from February 9, 2024
(inception) through December 31, 2024.

Working
Capital