Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 50

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 9, 2024 (inception) to March 31, 2025, the Sponsor paid $539,874 on behalf of the Company, of which $25,000 was
paid in exchange for the issuance of Founder Shares. As of March 31, 2025 and December 31, 2024, the amount due to the related party was
$514,874.

Administrative Services Agreement

The Company entered into an agreement, commencing on the effective
date of the IPO through the earlier of the Company’s consummation of a Business Combination and its liquidation, to pay an affiliate
of the Sponsor a total of up to $10,000 per month for office space and administrative and support services. During the three months ended
March 31, 2025, Company incurred an administration fee of $30,000 of which $10,000 were recorded under accrued expenses as unpaid as of
March 31, 2025. No administration fee was booked during the period from February 9, 2024 (inception) through March 31, 2024.

Working Capital Loans

In addition, in order to
finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s
directors and officers may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”).
If the Company completes a Business Combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account
released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the
event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the
Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing,
the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans.
Up to $1,500,000 of such Working Capital Loans may be convertible into private placement-equivalent Units at a price of $10.00 per
Unit at 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