Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 306

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 306
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 of our Public Shares if we have not consummated an initial business combination within the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder shares if we fail to complete our initial business combination within the completion window, although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if we fail to complete our initial business combination within the prescribed time frame and to liquidating distributions from assets outside the Trust Account; and (iv) vote any founder shares held by them and any Public Shares purchased during or after the IPO (including in open market and privately-negotiated transactions) in favor of our initial business combination.

The Company’s initial shareholders have
agreed, pursuant to lock-up provisions in the agreements entered into by our sponsor and management team, not to transfer, assign or sell
any of their founder shares and any Class A ordinary shares issued upon conversion thereof until the earlier to occur of (i) one year
after the completion of the initial business combination or (ii) the date on which the Company completes a liquidation, merger, share
exchange or other similar transaction after the initial business combination that results in all of the Company’s shareholders having
the right to exchange their Class A ordinary shares for cash, securities or other property. Any permitted transferees will be subject
to the same restrictions and other agreements of the Company’s initial shareholders with respect to any founder shares (the “Lock-up”).
Notwithstanding the foregoing, if (1) the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted
for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading
day period commencing at least 150 days after the initial business combination or (2) if the Company consummates a transaction after the
initial business combination which results in the Company’s shareholders having the right to exchange their shares for cash, securities
or other property, the founder shares will be released from the Lock-up.

31

Private Placement Units

Our sponsor purchased an aggregate of 849,000
private placement units, at a price of $10.00 per unit, for an aggregate purchase price of $8,490,000, in a private placement that closed
simultaneously with the