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AA Mission Acquisition Corp. II (YCY.U) completed its initial public offering of 10 million units at $10.00 per unit, raising $100 million in gross proceeds before deducting underwriting discounts and offering expenses, according to a company statement.
The units began trading on the New York Stock Exchange on October 1, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50 per share.
The Class A ordinary shares and warrants are expected to trade separately on NYSE under the symbols "YCY" and "YCY.W" respectively once separate trading begins. Underwriters received a 45-day option to purchase up to an additional 1.5 million units to cover over-allotments.
Clear Street served as the sole book-running manager for the offering. Winston & Strawn LLP provided legal counsel to the company, while Loeb & Loeb LLP represented Clear Street.
The Securities and Exchange Commission declared the registration statement effective on September 30, 2025.
AA Mission Acquisition Corp. II is a blank check company incorporated under Cayman Islands law. The company stated it will seek to complete a merger, share exchange, asset acquisition or similar business combination with one or more businesses. The company indicated it intends to focus on opportunities in the food and beverage industry that complement its management team’s background and network.