Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 21

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 “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 June 30, 2025, the
outstanding balance under the Convertible Promissory Note was $1,000,000.

F-14

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 as
of the date of these condensed financial statements.

 Registration Rights

Pursuant to a registration
rights agreement dated on the effectiveness of the Registration Statement on July 31, 2024, the holders of the Founder Shares, Private
Placement Units (including securities contained therein), and units (including securities contained therein) that may be issued on conversion
of working capital loans or extension loans (and) are entitled to registration rights pursuant to a registration rights agreement signed
on the effective date of this offering