Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 735

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 735
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8

Use
of Estimates

The
preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of expenses during the reporting period.

Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ
significantly from those estimates.

Cash
and Cash Equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company had a cash balance of $417,897 as of December 31, 2024. The Company had no cash equivalents as of December 31, 2024.

Investments
Held in Trust Account

The
Company’s portfolio of investments held in the Trust Account is comprised of investments only in U.S. government securities with
a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which
invest only in direct U.S. government treasury obligations. The Company’s investments held in the Trust Account are classified
as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains
and losses resulting from the change in fair value of investments held in Trust Account are included in dividend earned on marketable
securities held in Trust Account in the accompanying statements of operations. The estimated fair value of investments held in the Trust
Account is determined using available market information. As of December 31, 2024, the Trust Account had balance of $353,339,173. The
dividend earned from the Trust Account totaled $6,614,173 for the period from February 9, 2024 (inception) through December 31, 2024,
which were fully reinvested into the Trust Account as earned and unrealized gain on investments and therefore presented as an adjustment
to the operating activities in the Statements of Cash Flows.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a