AA Mission Acquisition Corp.
Cash in trust
$365M
$364,530,636
Trust per share
$10.57
Redemption value
IPO
Aug 2024
$300M raised
Combination deadline
—
Not disclosed
Filings on record
65
Latest Aug 5, 2026
Overview
AA Mission Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002012964. It completed its initial public offering in Aug 2024, raising $300M in gross proceeds. The vehicle is sponsored by AA Mission through AA Mission Acquisition Sponsor Holdco LLC. The mandate targets technology, consumer. IPO closed, trust funded, no definitive agreement announced.
“we intend to focus our search on businesses in Asia, we may pursue an initial business combination target in any industry or geographic region.”
Reading the filings
Arithmetic on what AA Mission Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.57 per public share, 5.7% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Extension history
Shareholders have already approved 1 extension. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Warrant coverage
Each unit carried one-half warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
Clear Street led the offering. It has been named on 43 SPAC IPOs, book-running 34 of them, and 100% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
65 filings in all. 1 in the last three months, against a busiest month of 13.
Scores
Recomputed 14m agoThree readings of AA Mission Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
LowHow much attention is this vehicle attracting right now?
0/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
68/100
- Lead bank record95
100.0%
- Bank franchise39
43 SPAC mandates
- Trust scale97
$365M
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on AA Mission Acquisition Corp.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001628280-26-053497
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001604488-26-000046
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-26-000238
- 15-12G
Deregistration of securities
Accession 0001213900-26-022172
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-26-007150
- 25-NSE
Notification of delisting
Accession 0000876661-26-000125
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01, 9.01 · Accession 0001213900-26-009167
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-006368
- DEF 14A
Definitive proxy statement
Accession 0001213900-26-003144
- PRE 14A
PROXY STATEMENT
Accession 0001213900-25-126709
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001140361-25-042085
- 10-Q
Quarterly report
Accession 0001213900-25-107616
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001604488-25-000164
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001315863-25-000618
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000950170-25-105950
- 10-Q
Quarterly report
Accession 0001213900-25-073653
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001140361-25-025597
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-25-049023
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001604488-25-000106
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-25-000407
- 10-Q
Quarterly report
Accession 0001213900-25-042038
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-25-000307
- 10-K
Annual report
Accession 0001213900-25-022743
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000312069-25-000130
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001062993-25-002414
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-000536
- SC 13G
KARPUS INVESTMENT MGT / AA MISSION ACQUISITION CORP. - SCHEDULE 13G
Accession 0001072613-24-000911
- SC 13G
Beneficial ownership report (passive)
Accession 0001604488-24-000258
- SC 13G
Beneficial ownership report (passive)
Accession 0001172661-24-004674
- 10-Q
Quarterly report
Accession 0001213900-24-097460
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AA Mission Acquisition Corp.: questions answered
What is AA Mission Acquisition Corp.?
AA Mission Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002012964. It completed its initial public offering in Aug 2024, raising $300M in gross proceeds. The vehicle is sponsored by AA Mission through AA Mission Acquisition Sponsor Holdco LLC. The mandate targets technology, consumer. IPO closed, trust funded, no definitive agreement announced.
How much does AA Mission Acquisition Corp. hold in trust?
Approximately $364,530,636, or about $10.57 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must AA Mission Acquisition Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if AA Mission Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in AA Mission Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.57 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for AA Mission Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do AA Mission Acquisition Corp.'s founder shares and warrants create?
Each unit also carried one-half warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors AA Mission Acquisition Corp., and what is their track record?
AA Mission Acquisition Sponsor Holdco LLC is the sponsor entity, part of the AA Mission franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Qing Sun.
Which banks underwrote the AA Mission Acquisition Corp. IPO?
Clear Street. Clear Street was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is AA Mission Acquisition Corp. a good investment?
That is not a question this site answers. AA Mission Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this AA Mission Acquisition Corp. data come from?
Filings AA Mission Acquisition Corp. submitted to the SEC under CIK 0002012964: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
AA Mission: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Clear Street in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.