Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 29

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 29
---
 private placement of the private units, the proceeds of the sale of our securities in connection with our initial business combination,
our shares, debt or a combination of cash, stock and debt.

We expect to continue to incur significant costs in the pursuit of
our acquisition plans. We cannot assure you that our plan to complete a Business Combination will be successful.

Results of Operations 

We have neither engaged in any operations nor generated any revenues
to date. Our only activities since inception have been organizational activities and those necessary to prepare for the Initial Public
Offering (“IPO”). Following the IPO, we have not generated any operating revenues until after completion of our initial business
combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after the IPO. There has
been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited
financial statements. After the IPO, we incur increased expenses as a result of being a public company (for legal, financial reporting,
accounting and auditing compliance), as well as for expenses associated with the search for target opportunities.

For the period from February 9, 2024 (inception) through December 31,
2024, we had a net income of $5,855,202 which consists of loss of $769,833 derived from operating costs offset by income earned on Trust
and Bank Account of $6,625,035.

Going Concern Consideration

As of December 31, 2024, we had cash of $417,897 and a working capital
of $21,271. We have incurred and expect to continue to incur significant professional costs to remain as a public traded company and to
incur transaction costs in pursuit of a Business Combination. In connection with our assessment of going concern considerations in accordance
with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability
to Continue as a Going Concern,” we believe that these conditions raise substantial doubt about our ability to continue as a going
concern. In addition, if we are unable to complete a Business Combination within the Combination Period and such period is not extended,
there will be a liquidation and subsequent dissolution. As a result, we have determined that such additional condition also raises substantial
doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from
the outcome of the uncertainty.

15

L