Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 55

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 55
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 not to transfer, assign or sell
any of their founder shares and any Class A ordinary shares issued upon conversion thereof until the earlier to occur of (i) one year
after the completion of the initial business combination or (ii) the date on which the Company completes a liquidation, merger, share
exchange or other similar transaction after the initial business combination that results in all of the Company’s shareholders having
the right to exchange their Class A ordinary shares for cash, securities or other property. Any permitted transferees will be subject
to the same restrictions and other agreements of the Company’s initial shareholders with respect to any founder shares (the “Lock-up”).
Notwithstanding the foregoing, if (1) the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted
for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading
day period commencing at least 150 days after the initial business combination or (2) if the Company consummates a transaction after the
initial business combination which results in the Company’s shareholders having the right to exchange their shares for cash, securities
or other property, the founder shares will be released from the Lock-up.

31

Private Placement Units

Our sponsor purchased an aggregate of 849,000
private placement units, at a price of $10.00 per unit, for an aggregate purchase price of $8,490,000, in a private placement that closed
simultaneously with the closing of the IPO. Each private placement unit entitles the holder thereof to one Class A ordinary share
and one-half of one redeemable warrant to purchase one Class A ordinary share at $11.50 per share, subject to adjustment as described
in this Annual Report. The private warrants are identical to the warrants sold in our IPO, subject to certain limited exceptions as described
in this Annual Report. If we do not complete our initial business combination within the completion window, the private warrants will
expire worthless. The private warrants are subject to the transfer restrictions described below. Otherwise, the private warrants have
terms and provisions that are identical to those of the warrants included in the units being sold in our IPO.

Due to Related Party

The Sponsor paid certain formation, operating or
deferred offering costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During the period from February
9, 2024