Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 391

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 3
Chunk 391
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with the consummation of the IPO and the sale of the Units, the Company consummated the sale of 759,000 units Private Placement Units.
On September 4, 2024, the underwriters exercised the over-allotment option in full and as a result, the Company consummated the sale
of additional 90,000 Private Placement Units. See Note 1 for more details.

Each Private Placement Unit entitles the holder
thereof to one Class A ordinary share and one-half of one redeemable warrant (“Private Placement Warrants”) to purchase
one Class A ordinary share at $11.50 per share. The proceeds from the sale of the Private Placement Units were added to the net proceeds
from the IPO held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds
from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject
to the requirements of applicable law).

The
Private Placement Units (including the underlying securities) will not be redeemable, transferable, assignable or salable by the Sponsor
until 30 days after the completion of its initial Business Combination, subject to certain exceptions.

NOTE
5: RELATED PARTY TRANSACTIONS

Founder
Shares

On March 19, 2024, the Sponsors received
8,625,000 of the Company’s Class B ordinary shares (“founder shares”) in exchange for $25,000 paid for deferred
offering costs borne by the Sponsors. Up to 1,125,000 of such founder shares were subject to forfeiture to the extent that the underwriters’
over-allotment was not exercised in full. On September 4, 2024, the underwriters exercised the over-allotment option in full.

The Sponsors have agreed, subject to limited exceptions,
not to transfer, assign or sell any of the founder shares until the earlier to occur of: (i) one year following the consummation of our
initial Business Combination and (ii) the date on which the Company completes a 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