US – Appleby Advises On AA Mission Acquisition Corp. IPO.
Appleby served as Cayman Islands counsel for AA Mission Acquisition Corp. (NYSE:AAM) (the Company), in partnership with Winston & Strawn LLP, for its IPO of 30,000,000 units priced at US$10.00 per unit. These units are now listed on the New York Stock Exchange (NYSE) and commenced trading under the ticker symbol “AAMU” on 1 August 2024.
Each unit comprises one Class A ordinary share, with a par value of $0.0001 per share, and one-half of a redeemable warrant. Each full warrant is exercisable to buy one Class A ordinary share at $11.50. Once the units’ securities trade separately, the Class A ordinary shares and warrants are set to be listed on the NYSE under the symbols “AAM” and “AAMW”, respectively. The underwriter holds a 45-day option to purchase up to an additional 4,500,000 units from the Company to cover any over-allotments.
The Company aims to concentrate its search efforts on Asian enterprises valued between $500 million and $3 billion.
The Appleby corporate team included Partner Simon Raftopoulos and Senior Associate Alexandra Low.
