Company: AAM-UN
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042038
Chunk: 55

Company: AA Mission Acquisition Corp.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 was successfully completed in August 2024. Following the IPO, we have not generated
any operating revenues as we are focusing on completing of our initial business combination. After the IPO, we generated non-operating
income in the form of interest income on cash and cash equivalents. As a public company, we continue to incur increased expenses related
to legal, financial reporting, accounting and auditing compliance, as well as expenses as we conduct due diligence on prospective business
combination candidates.

For the three months ended March 31, 2025, we have a net income of
$3,386,331 which consists of loss of $316,210 derived from operating costs offset by income earned on Trust Account and bank account of
$3,702,541.

For the period from February 9, 2024 (inception)
through March 31, 2024, we had a net loss of $6,650 derived from formation and operating costs. 

Liquidity and Capital
Resources

On August 2, 2024, we
consummated our IPO of Units, at $10.00 per Unit, generating gross proceeds of $300,000,000. Simultaneously with the closing of our IPO,
we 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
Sponsors, generating total gross proceeds of $7,590,000.

On September 4, 2024,
the underwriters exercised the over-allotment option in full to purchase 4,500,000 Units. As a result, we sold an additional 4,500,000
Units at $10.00 per Unit, generating gross proceeds of $45,000,000. Simultaneously with the closing of the full exercise of the over-allotment
option, we completed the private sale of an aggregate of 90,000 Private Placement Units, at a purchase price of $10.00 per Private Placement
Unit, generating gross proceeds of $900,000.

Transaction costs amounted
to $14,634,758, consisting of $5,175,000 of cash underwriting fee, $8,625,000 of deferred underwriting fee and $834,758 of other offering
costs.

Following the closing of the IPO and over-allotment
option, an amount of $346,725,000 ($10.05 per Unit) from the net proceeds of the