Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 57

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 57
---
 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 Unit in a private placement to the Sponsor, generating gross proceeds
of $7,590,000 to the Company. On September 4, 2024, with the closing of the full exercise of the over-allotment option, we completed
the private sale of an aggregate of additional 90,000 Private Placement Units, at a purchase price of $10.00 per Private Placement Unit,
generating gross proceeds of $900,000.

3

Promissory Note — Related
Party

The Sponsor issued an unsecured promissory note
to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount
of $300,000. The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31, 2024, or (ii) the consummation
of the IPO. Since the note has expired as of December 31, 2024, there were no amounts outstanding under the Promissory Note as of March
31, 2025.

Due to Related Party

The Sponsor paid certain formation, operating
or deferred offering costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During the period from
February 9, 2024 (inception) to March 31, 2025, the Sponsor paid $539,874 on behalf of the Company, of which $25,000 was paid in exchange
for the issuance of founder shares. As of March 31, 2025 and December 31, 2024, the amount due to the related party was $514,874.

Administrative Services Agreement

The Company entered into an agreement, commencing
on the effective date of the IPO through the earlier of the Company’s consummation of a