As of September 30, 2024, Mission Acquisition Corp. reported total assets of $350.2 million, with total current assets amounting to $890.3 thousand. The company holds $349.3 million in its Trust Account, while total liabilities stand at $9.2 million. The total shareholders’ deficit is recorded at $(8.3 million).
For the three months ending September 30, 2024, Mission Acquisition Corp. achieved a net income of $2.2 million, translating to a basic and diluted net income per share of $0.69. Since its inception on February 9, 2024, the company has reported a cumulative net income of $2.1 million, with a basic and diluted net income per share of $2.59. In contrast, the company experienced a net loss of $(6,650) for the period ending February 9, 2024, and a net loss of $(118,731) for the period ending September 30, 2024.
The company’s financial activities include gross proceeds of $345 million from its initial public offering (IPO) on August 2, 2024, where it offered 30 million units at $10.00 each. Additionally, Mission Acquisition Corp. raised $8.5 million through a private placement of 759,000 units. The total transaction costs associated with the IPO were $12.8 million, which included a cash underwriting fee of $4.5 million and a deferred underwriting fee of $7.5 million.
Following the IPO, the company executed an over-allotment option on September 4, 2024, selling an additional 4.5 million units for gross proceeds of $45 million. The over-allotment also included a private placement of 90,000 units, generating an additional $900,000. The transaction costs related to the over-allotment amounted to $675,000.
As of the reporting date, the company has a total of 849,000 Class A ordinary shares and 8.6 million Class B ordinary shares. The accumulated deficit as of September 30, 2024, is $(8.3 million). The company has a combination period of 18 months from the IPO closing, extendable up to 24 months, during which it must complete a business combination to avoid redemption rights for public shares at cash value.
About AA Mission Acquisition Corp.
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