Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 222

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1C
Chunk 222
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 that a Business Combination does
not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds
held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital
Loans, if any, have not been determined and no written agreements exist with respect to such loans. Up to $1,500,000 of such Working Capital
Loans may be convertible into private placement-equivalent Units at a price of $10.00 per Unit at the option of the lender. Such
Units would be identical to the Private Placement Units. The terms of such Working Capital Loans by our Sponsor or its affiliates,
or our officers and directors, if any, have not been determined and no written agreements exist with respect to such loans. As of December
31, 2024, no Working Capital Loans were outstanding. 

17

Other Contractual Obligations

Registration Rights

Pursuant to a registration rights agreement dated on the effectiveness
of the Registration Statement on July 31, 2024, the holders of the founder shares, Private Placement Units (including securities contained
therein), and units (including securities contained therein) that may be issued on conversion of working capital loans or extension loans
(and) are entitled to registration rights pursuant to a registration rights agreement signed on the effective date of this offering requiring
the Company to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding
short form demands, that the Company’s register such securities. In addition, the holders have certain “piggy-back”
registration rights with respect to registration statements filed subsequent to the Company completion of initial business combination
and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company will
bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriters a 45-day option to purchase up
to 4,500,000 additional Units to cover over-allotments at the IPO price, less the underwriting discounts and commissions.

The underwriters were entitled to a cash underwriting discount of $0.15
per Unit, or $4,500,000 in the aggregate (or $5,175,000 if the underwriters’ over-allotment option is exercised in full), payable
upon the closing of the IPO In