Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 49

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
 5: RELATED PARTY TRANSACTIONS

Founder Shares

On March 19, 2024, the
Sponsors received 8,625,000 of the Company’s Class B ordinary shares (“Founder Shares”) in exchange for $25,000 paid
for deferred offering costs borne by the Sponsors. Up to 1,125,000 of such Founder Shares were subject to forfeiture to the extent that
the underwriters’ over-allotment was not exercised in full. On September 4, 2024, the underwriters exercised the over-allotment
option in full.

The Sponsors have agreed,
subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to occur of: (i) one year following
the consummation of our initial Business Combination and (ii) the date on which the Company completes a liquidation, merger, share exchange,
reorganization or other similar transaction after an initial Business Combination that results in all of our shareholders having the right
to exchange their ordinary shares for cash, securities or other property.

F-13

Private Placement

The Company consummated the
sale of 759,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor,
generating gross proceeds of $7,590,000 to the Company. On September 4, 2024, with the closing of the full exercise of the over-allotment
option, we completed the private sale of an aggregate of additional 90,000 Private Placement Units, at a purchase price of $10.00 per
Private Placement Unit, generating gross proceeds of $900,000.

Promissory Note — Related
Party

The Sponsor issued an unsecured
promissory note to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal
amount of $300,000. The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31, 2024, or (ii) the consummation
of the IPO. No amounts were drawn down under the Promissory Note, and the Promissory Note expired on December 31, 2024.

Due to Related Party

The Sponsor paid certain
formation, operating or deferred offering costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During
the period from February