Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 168

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 8
Chunk 168
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 (which interest shall be net of taxes
payable) divided by the number of then outstanding public shares, which redemption will completely extinguish public
shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to
applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of its remaining
shareholders and its Board of Directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to
provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating
distributions with respect to its public rights or private placement rights, which will expire worthless if the Company fails to
complete its initial Business Combination within the 18-month time period, and the Company may extend the period of time to
consummate a Business Combination up to two times, each by an additional three months (or up to 24 months from the closing of the
IPO if the Company extends the period of time to consummate a Business Combination by the full amount of time).

Going Concern Consideration

As of June 30, 2025, the
Company had cash of $864,995 and a working capital deficit of $455,189. The Company has incurred and expects to continue to incur significant
professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of
a Business Combination. If the Company is unable to complete a Business Combination within the Combination Period, the Company’s
board of directors would proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company. There is no assurance
that the Company’s plans to consummate a Business Combination will be successful within the Combination Period.

The Company raised additional
funds through the issuance of a promissory note to support its working capital needs and ongoing efforts to complete a Business Combination.
While this financing provides liquidity, it does not eliminate the substantial doubt regarding the Company’s ability to continue
as a going concern.

In connection with the Company’s
assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update
(“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,”
management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern.
The financial statement does not include any adjustments that might result from the