Company: YCY-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109978
Chunk: 80

Company: AA Mission Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Chunk 80
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 option to purchase up to an additional 1,500,000 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 $1,500,000 in the aggregate (or $1,725,000 if the underwriters’ over-allotment
option was exercised in full), payable upon the closing of the IPO. In addition, the underwriters are entitled to
a deferred fee of $0.25 per Unit, or $2,500,000 in the aggregate (or $2,875,000 in the aggregate if the underwriters’ over-allotment
option was exercised in full). The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely
in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.

On October 9, 2025, the underwriters
exercised the over-allotment option in full to purchase an additional 1,500,000 Units at $10.00 per Unit, generating gross proceeds of
$15,000,000.

Critical Accounting Estimates

The preparation of financial
statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of the financial statements, and income and expenses during the periods reported. Actual results could materially
differ from those estimates. As of September 30, 2025, we have not identified any critical accounting policies or estimates.

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations; Quarterly Results

As of September 30, 2025,
we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.

JOBS Act

On April 5, 2012, the
JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, relax certain reporting requirements for qualifying
public companies. We will qualify as an “emerging growth company” and under the JOBS Act will be allowed to comply with new
or revised accounting pronouncements based on the effective date for private (not publicly traded) companies. We are electing to delay
the adoption of new or revised accounting standards,