Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 189

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1B
Chunk 189
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ception)
to December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Substantial Doubt about the Company’s
Ability to Continue as a Going Concern

The accompanying financial statements has been
prepared to assume the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has no
revenue, has incurred and expects to continue to incur significant professional costs to remain a publicly listed company, and expects
to incur significant transaction costs in the pursuit of the consummation of a business combination. The Company’s cash and working
capital are not sufficient to complete its planned activities for one year from the issuance date of the financial statements. If the
Company is unable to complete a business combination within the combination period, the Company would proceed to commence a mandatory
liquidation and thereby a formal dissolution of the Company. These conditions raise substantial doubt about the Company’s ability
to continue as a going concern. Management’s evaluation of the events and conditions and plans regarding these matters are also
described in Note 1 to the financial statements. The financial statements do not include any adjustments that might result from the outcome
of this uncertainty. Our opinion is not modified with respect to that matter.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required
to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations
of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding
of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud,