Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 166

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 8
Chunk 166
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AA MISSION ACQUISITION CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1: ORGANIZATION AND BUSINESS OPERATIONS

AA Mission Acquisition Corp.
(the “Company”) is a blank check company incorporated in the Cayman Islands on February 9, 2024. The Company was formed
for the purpose of effecting a merger, shares exchange, asset acquisition, shares purchase, reorganization, or other similar business
combination with one or more businesses (the “Business Combination”).

The Company is not limited
to a particular industry or sector for purposes of consummating a Business Combination. The Company is an early stage and emerging growth
company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As of June 30, 2025, the
Company had not commenced any operations. All activity through June 30, 2025, relates to the Company’s formation and the initial
public offering (the “IPO”), which is described below. The Company will not generate any operating revenues until after the
completion of a Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from
the proceeds derived from the IPO. The Company has selected December 31 as its fiscal year end.

Financing

The Company’s founder
and sponsor is AA Mission Acquisition Sponsor Holdco LLC (the “Sponsor”). The registration statement for the Company’s
IPO was declared effective on July 31, 2024. On August 2, 2024, the Company consummated the IPO of 30,000,000 units (the “Units”
and, with respect to the shares of Class A ordinary shares included in the Units being offered, the “Public Shares”), at $10.00
per Unit, generating gross proceeds of $300,000,000.

Simultaneously with the consummation
of the IPO and the sale of the Units, the Company consummated the private placement (“Private Placement”) of 759,000 units
(the “Initial Private Placement Units”) to the Sponsor, at a price of $10.00 per Private Placement Unit, generating total
proceeds of $7,590,000.

Transaction costs amounted
to $14,634,758, consisting of $5,175,000 of cash underwriting fee, $8,625,000 of deferred underwriting fee and