Company: AAM-UN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107616
Chunk: 182

Company: AA Mission Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part II, Item 8
Chunk 182
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 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.

With reference to the above, on May 22, 2025, the Company issued a
convertible promissory note in the principal amount of $1,000,000 to AA Mission Acquisition Sponsor Holdco LLC (the “Sponsor”)
to fund working capital needs and expenses related to the Company’s initial business combination (the “Convertible Promissory
Note”). The Convertible Promissory Note is non-interest bearing and matures upon the closing of a business combination. The note
may not be prepaid without the Sponsor’s consent.

At the Sponsor’s election, all or a portion of the unpaid principal
amount of the Convertible Promissory Note may be converted into private units of the Company at a conversion price of $10.00 per unit,
with each unit consisting of the same securities issued in the Company’s initial public offering. The number of units to be received
by the Sponsor in connection with such conversion shall be determined by dividing (x) the sum of the outstanding principal amount payable
to the Sponsor by (y) $10.00. No fractional units will be issued upon conversion, and any remaining balance will be paid in cash. If the
Company does not consummate a business combination, the Convertible Promissory Note will only be repaid from funds held outside of the
trust account, if any.

As of September 30, 2025, the outstanding balance under the Convertible
Promissory Note was $1,000,000.

NOTE 6: COMMITMENTS AND CONTINGENCIES

Risks and Uncertainties

In February 2022, the Russian Federation and Belarus commenced a military
action with the country of Ukraine. As a result of this action, various nations, including the United States, have instituted economic
sanctions against the Russian Federation and Belarus. Recently, in October 2023, the military conflict between Israel and militant groups
led by Hamas has also caused uncertainty in the global markets. Further, the impact of this action and related sanctions on the world
economy is not determinable as of the date of the condensed financial statement, and the specific impact on the Company’s financial
condition, results of operations, and cash flows is also not determinable