Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 11

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had a
cash balance of $864,995 and $417,897 as of June 30, 2025 and December 31, 2024, respectively. The Company had no cash equivalents as
of June 30, 2025 and 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 dividends 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 June 30, 2025 and December 31, 2024, the Trust
Account had balance of $360,761,586 and $353,339,173, respectively. The dividends earned from the Trust Account totaled $3,722,370
and $7,422,413 for the three and six months ended June 30, 2025, 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.

F-8

Concentration of Credit Risk

Financial instruments that
potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times,
may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could
have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.

Offering Costs

Offering costs consist of
legal, accounting, and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are
directly related to the IPO and that were charged to shareholders’ equity upon the completion of the IPO on August 2, 2024