Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 40

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 time).

F-7

Going Concern Consideration

As of March 31, 2025, the
Company had cash of $57,904 and a working capital deficit of $292,441. 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.

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.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying condensed financial statements are presented in conformity
with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and
regulations of the SEC.

Certain information or footnote disclosures normally included in condensed
financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC
for interim financial reporting. As such, the information included in these financial statements should be read in conjunction with the
Company’s latest audited financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2024, as
filed with the SEC on March 11, 2025. In the opinion of the Company’s management, these condensed financial statements include all
adjustments, which are only of a normal and recurring nature, necessary for a fair statement of the Company’s financial position
as of March 31, 2025, and the Company’s results of operations and cash flows for the periods presented. The results of operations
included in the financial statements are not necessarily indicative of the results to be expected for the full year ending December 31,
2025.

Emerging Growth Company

The Company is an “emerging
growth