Company: AAM-UN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073653
Chunk: 27

Company: AA Mission Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 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.

2

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 sale of the Units in the IPO and the Private Placement
was placed in a trust account. The funds held in the Trust Account may be invested in U.S. government securities with a maturity of 185
days or less. We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned
on the trust account, to complete our initial business combination. To the extent that our capital stock or debt is used, in whole or
in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used
as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

On May 22, 2025, the Company issued an unsecured,
non-interest bearing convertible promissory note to Sponsor in the principal amount of $1,000,000 to its Sponsor (the “Convertible
Promissory Note”) to fund working capital needs. The outstanding principal may be converted into private units of the Company at
a conversion price of $10.00 per unit. The number of units to be issued upon conversion is determined by dividing (x) the outstanding
principal by (y) $10.00. No fractional units will be issued. If a business combination is not consummated, the note will only be repaid
from funds held outside the trust account.

As of June 30, 2025, we had cash of $864,995.
We will use these funds primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses,
travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review
corporate documents and material agreements of