Appleby is pleased to announce that it acted as Cayman Islands legal counsel to AA Mission Acquisition Corp. II (the "Company"), in connection with the closing of its initial public offering (IPO) of 1,500,000 units, which includes 11,500,000 units issued pursuant to the full exercise of the underwriters' over-allotment option. The units were priced at US $10.00 each, raising gross proceeds of US $115,000,000.
The Company's units began trading on October 1, 2025, on the New York Stock Exchange (NYSE) under the ticker symbol "YCY.U". Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share, subject to customary adjustments. Only whole warrants will trade, and once the securities trade separately, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "YCY" and "YCY.WS", respectively.
AA Mission Acquisition Corp. II is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more businesses or entities.
Appleby advised on all Cayman Islands legal aspects of the transaction, drawing on the firm's deep expertise in SPAC IPOs and capital markets regulation. The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos and other members of the corporate team.
Appleby continues to advise on high-profile SPAC and public-market transactions worldwide.