Company: AAM-UN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107616
Chunk: 169

Company: AA Mission Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part II, Item 8
Chunk 169
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 payable) divided by the number of then outstanding public shares, which redemption will completely
extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any),
subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of its remaining
shareholders and its Board of Directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide
for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions
with respect to its public rights or private placement rights, which will expire worthless if the Company fails to complete its initial
Business Combination within the 18-month time period, and the Company may extend the period of time to consummate a Business Combination
up to two times, each by an additional three months (or up to 24 months from the closing of the IPO if the Company extends the period
of time to consummate a Business Combination by the full amount of time).

Going Concern Consideration

As of September 30, 2025, the Company had cash of $748,602 and
a working capital deficit of $611,252. The Company has incurred and expects to continue to incur significant professional costs to remain
as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination. If the
Company is unable to complete a Business Combination within the Combination Period, the Company’s board of directors would proceed
to commence a voluntary liquidation and thereby a formal dissolution of the Company. There is no assurance that the Company’s plans
to consummate a Business Combination will be successful within the Combination Period.

The Company raised additional funds through the issuance of a promissory
note to support its working capital needs and ongoing efforts to complete a Business Combination. While this financing provides liquidity,
it does not eliminate the substantial doubt regarding the Company’s ability to continue as a going concern.

In connection with the Company’s assessment of going concern
considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15,
“Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that
these conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statement does
not include any adjustments that might result from the outcome of this uncertainty.

F-7

NOTE 2: SUMMARY OF