AA Mission Acquisition Corp.
AAM · NYSE
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from AA Mission Acquisition Corp. (Sun Qing Bill), listed on NYSE in August 2024.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 2 August 2024
- size not on file · 100.5% of each $10 unit into trust
- Headquarters
- 21 WATERWAY AVENUE, SUITE 300 #9732, THE WOODLANDS, TX, 77380
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Sun Qing Bill (Chief Executive Officer) · Li Zhongxuan (Director) · Wang Zhenxing (Director)
- Listed securities
- AAM common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
2 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 2 August 2024IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsAAM is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
AA Mission Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker AAM. The company priced its initial public offering on August 2, 2024, as reflected in a 424B prospectus, with each unit placing $10.05 into trust. On January 29, 2026, the company filed an 8-K announcing that it would redeem all of its outstanding ordinary shares effective as of the close of business on February 13, 2026, because it would not consummate an initial business combination within the time period required by its articles. The company thereby liquidated and returned the trust cash to its shareholders.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The $173,000 monthly deposit accretes the trust and therefore the per-share redemption value, which is genuinely favourable to holders - but it arrives as a sponsor loan repayable at closing, so the sponsor recovers it from deal proceeds rather than contributing capital. Approving a full twelve months means holders carry deal risk to February 2, 2027 with redemption at trust as the guaranteed alternative at each extension vote.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: AA Mission Acquisition Corp. called an extraordinary general meeting for 11 a.m. Eastern Time on January 28, 2026 to approve an Extension Amendment and Trust Agreement Amendment moving the Termination Date from February 2, 2026 up to twelve times, one month each, to February 2, 2027. Why it matters: The $173,000 monthly deposit accretes the trust and therefore the per-share redemption value, which is genuinely favourable to holders - but it arrives as a sponsor loan repayable at closing, so the sponsor recovers it from deal proceeds rather than contributing capital. Approving a full twelve months means holders carry deal risk to February 2, 2027 with redemption at trust as the guaranteed alternative at each extension vote.
- What changed vs 2025-08-08trust $360.8M → $364.5M +1%
trust account, going-concern doubt, sponsor loans outstanding +21 moved · 4 with no prior record of ours
- Trust account
- $360.8M$364.5M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $1.0M · unchanged
- Mandate language
- we intend to focus our search on businesses in Asia, we are … · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $3,769,050 was added to the trust between the two filings.
The clause …“receivable 2,400 1,527 Total current assets 919,527 695,332 Investment held in Trust Account 364,530,636 353,339,173 Total Assets $ 365,450,163 $ 354,034,505 Liabilities, Class A Ordinary Shares Subject to Possible Redemptions”…
The clause “Combination. While this financing provides liquidity, it does not eliminate the substantial doubt regarding the Company’s ability to continue as a going concern. In connection with the Company’s assessment of going concern considerations”…
The clause …“held outside of the trust account, if any. As of September 30, 2025, the outstanding balance under the Convertible Promissory Note was $ 1,000,000 . NOTE 6: COMMITMENTS AND CONTINGENCIES Risks and Uncertainties In February 2022,”…
The clause …“and Contingencies (Note 6) Class A ordinary shares, $ 0.0001 par value; 34,500,000 shares subject to possible redemption at $ 10.57 and $ 10.24 per share as on September 30, 2025 and December 31, 2024, respectively. 364,530,636”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-05-12trust $357.0M → $360.8M +1%
trust account, sponsor loans outstanding, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $357.0M$360.8M
- Sponsor loans outstanding
- not previously extracted$1.0M
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search on businesses in Asia, we are … · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $3,722,370 was added to the trust between the two filings.
The clause …“receivable 2,850 1,527 Total current assets 1,067,733 695,332 Investments held in Trust Account 360,761,586 353,339,173 Total Assets $ 361,829,319 $ 354,034,505 Liabilities, Class A Ordinary Shares Subject to Possible Redemptions”…
The clause …“funds held outside of the trust account, if any. As of June 30, 2025, the outstanding balance under the Convertible Promissory Note was $ 1,000,000 . F- 14 NOTE 6: COMMITMENTS AND CONTINGENCIES Risks and Uncertainties In February”…
The clause “Combination. While this financing provides liquidity, it does not eliminate the substantial doubt regarding the Company’s ability to continue as a going concern. In connection with the Company’s assessment of going concern considerations”…
The clause …“and Contingencies (Note 6) Class A ordinary shares, $ 0.0001 par value; 34,500,000 shares subject to possible redemption at $ 10.46 and $ 10.24 per share as on June 30, 2025 and December 31, 2024 360,761,586 353,339,173”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Deal completion: 0/1 resolved vehicles closed a deal (0%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
Mixed record · low confidence
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001213900-24-064319
Trading & liquidity
Company profile
Directors & officers
- Sun Qing BillChief Executive Officer
- Li ZhongxuanDirector
- Wang ZhenxingDirector
- Zhao WenzhongDirector
- Fang ShibinChief Financial Officer
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
3 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Karpus Management, Inc.12.9% · SC 13GDec 6, 2024 stale
- First Trust Capital Management L.P.with 1 other reporting person on the same schedule6.8% · SC 13GNov 14, 2024 stale
- Walleye Capital LLC5.5% · SC 13GNov 13, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — AAM (AA Mission Acquisition Corp.)
vault-note · /vault/tickers/AAM
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-24-064319 priced 2024-08-02; common ticker AAM off 8-K 0001213900-26-009167 (2026-01-29); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001213900-26-009167 (2026-01-29) — announced redemption of all public shares: “…will redeem all of its outstanding Ordinary Shares, effective as of the close of business on February 13, 2026, because the Company will not consummate an initial business combination within the time period required by the Articles. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form…”. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "AA Mission Acquisition Sponsor Holdco LLC" (SEC CIK 0002012965) sourced from Form 3 reportingOwner (10% owner) acc 0001013762-24-003483.