Here are the 10-Q quarterly reports from AA Mission Acquisition Corp. (AAM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AAM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AAM filings page.
AA Mission Acquisition Corp. filed its quarterly report for the period ended September 30, 2025, showing non‑operating income from its trust investments and modest operating expenses typical of a SPAC pre‑merger.
Net income was $3,612,987 for the quarter and $10,558,941 year‑to‑date, driven by dividends earned on the trust account. General and administrative expenses were $163,979 for the quarter. Cash on hand was $748,602, and management reported a working capital deficit of $611,252.
The trust account held $364,530,636 as of September 30, 2025. The company has until August 2, 2026 to complete a business combination, after which it would redeem public shares and liquidate. Management noted substantial doubt about the company’s ability to continue as a going concern absent a timely combination. To support operations, the sponsor provided a $1,000,000 unsecured, non‑interest‑bearing convertible note, convertible at $10.00 per unit. As of November 7, 2025, total shares issued and outstanding were 43,974,000.
AA Mission Acquisition Corp. is a blank-check company that raised gross IPO proceeds of $345,000,000 (including the over-allotment) and holds investments in a Trust Account of $360,761,586, which includes reinvested dividends. The company has not commenced operating activities and intends to use the Trust Account proceeds to complete a business combination; 34,500,000 Class A shares remain subject to possible redemption at the stated redemption values.
On the balance sheet the company reports $864,995 of cash outside the Trust Account and a working capital deficit of $455,189. For the six months ended, net income was $6,945,953, driven primarily by $7,422,413 of income earned on the Trust Account. Management discloses substantial doubt about the company’s ability to continue as a going concern and issued a $1,000,000 non‑interest bearing convertible promissory note from the Sponsor to fund working capital; the Company must complete a business combination by August 2, 2026 unless extended.