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AA Mission Acquisition Corp. II (NYSE:YCY.U), a blank check company, completed its initial public offering on Thursday, raising $100 million in gross proceeds. According to a statement released in a recent SEC filing, the company sold 10,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share.
The company also granted underwriters a 45-day option to purchase up to an additional 1,500,000 units to cover over-allotments, if any.
Simultaneously with the IPO closing, AA Mission Acquisition Corp. II completed a private placement with its sponsor, selling 334,000 units at $10.00 per unit and generating $3.34 million in gross proceeds. The private placement units are identical to those sold in the IPO, except as described in the company’s registration statement. No underwriting discounts or commissions were paid in connection with the private placement, which was conducted under an exemption from registration in Section 4(a)(2) of the Securities Act of 1933.
A total of $100.25 million from the IPO and private placement proceeds has been deposited in a U.S.-based trust account managed by Continental Stock Transfer & Trust Company.
AA Mission Acquisition Corp. II’s Class A ordinary shares (NYSE:YCY), units (NYSE:YCY.U), and warrants (NYSE:YCY.W) are listed on the New York Stock Exchange. Each warrant is exercisable 30 days after the completion of the company’s initial business combination and will expire five years after the completion of the business combination or earlier upon redemption or liquidation.
An audited balance sheet as of October 2, 2025, reflecting the receipt of the offering proceeds, was included as an exhibit to the company’s SEC filing. The information in this article is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
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