AA Mission Acquisition, a blank check company targeting businesses in Asia, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.
Based in The Woodlands, TX, the company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, AA Mission Acquisition would command a market value of $383 million.
AA Mission Acquisition is led by CEO and Chairman Qing Sun, whose current roles including serving as Chairman of Guizhou JS Investment and President of the Hainan Economic Research Institute. While it has not selected a target industry, the SPAC plans to focus on businesses in Asia with enterprise values between $500 million and $3 billion.
AA Mission Acquisition was founded in 2024 and plans to list on the NYSE under the symbol AAMU. The company filed confidentially on April 18, 2024. Clear Street is the sole bookrunner on the deal.
