Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 328

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 2
Chunk 328
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’s balance sheet. The Company recognizes changes in redemption
value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end
of each reporting period. Increases or decreases in the carrying amount of redeemable ordinary shares are affected by charges against
additional paid in capital and accumulated deficit.

At
December 31, 2024, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following
table:

    Public offering proceeds 
    $300,000,000 
  
    Less: 

    Proceeds allocated to Public Warrants 
     (21,300,000)
  
    Allocation of offering costs related to redeemable shares 
     (11,700,113)
  
    Plus: 

    Accretion of carrying value to redemption value 
     34,500,113 
  
    Ordinary shares subject to possible redemption 
    $301,500,000 

    Over-allotment 

    Plus: 

    Over-allotment proceeds 
     45,000,000 
  
    Less: 

    Proceeds allocated to Public Warrants 
     (3,195,000)
  
    Allocation of offering costs related to redeemable shares 
     (1,641,060)
  
    Plus: 

    Accretion of carrying value to redemption value 
     5,061,060 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     6,614,173 
  
    Ordinary shares subject to possible redemption 
    $353,339,173 

Recent
Accounting Standards

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 financial statements.

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