Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 177

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 8
Chunk 177
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Recent Accounting Standards

In November 2023, the FASB
issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU require
disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating officer
decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment
profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses
the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities
will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable
segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280.
This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December
15, 2024, with early adoption permitted. This standard was effective for the Company starting February 9, 2024 (inception) and did not have a material impact on the Company’s
financial statements (see Note 9).

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
condensed financial statements.

F-12

NOTE 3: INITIAL PUBLIC OFFERING

Pursuant to the IPO, the
Company sold 30,000,000 Units at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one-half of
one redeemable warrant (“Public Warrant”). These shares will be available for redemption upon the completion of the Business
Combination, by public shareholders, at an anticipated price of $10.05 per share. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share. No fractional warrants were issued upon separation of the Units and only whole
warrants are trading. The Company also granted the underwriters a 45-day option to purchase up to 4,500,000 additional units to cover
over-allotments. which was fully exercised on September 4, 2024