Company: AAM-UN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001213900-25-107616
Chunk: 28

Company: AA Mission Acquisition Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
. Since inception, our activities have primarily consisted of organizational efforts and preparations for our
Initial Public Offering (“IPO”), which 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 September 30, 2025, we had a net income
of $3,612,987, which consists of loss of $163,979 derived from operating costs, offset by income earned on Trust Account and bank account
of $3,776,966.

For the three months ended September 30, 2024, we had a net income
of $2,230,484, which consists of loss of $339,668 derived from operating costs, offset by income earned on Trust Account and bank account of $2,570,152.

For the nine months ended September 30, 2025, we had a net income of
$10,558,941, which consists of loss of $646,950 derived from operating costs, offset by income earned on Trust Account and bank account
of $11,205,891.

For the period from February 9, 2024 (inception) through September
30, 2024, we had a net income of $2,105,103, which consists of loss of $465,049 derived from operating costs, offset by income earned
on Trust Account and bank account of $2,570,152.

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.

2

On September 4, 2024, the underwriters exercised the over-allotment
option in full to purchase 4,500,000 Units. As a