Dilution profile // every instrument, one screen, from SEC filings

AA Mission Acquisition Corp. II (YCY)

CIK 2075336 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$181M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
MEDIUMwarrants = 50% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW0% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
NOT COMPUTEDrunway not computable from latest facts
= cash vs trailing operating burn

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2026-03-052026-08-07

Latest: 11.9M shares as of Aug 7, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-07
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Public Warrants5.8Mnot tagged——
Private Warrants180,125not tagged——
Warrant180,125not tagged——
Private Placement Warrants180,125not tagged——

Tranches exactly as the company dimensioned them in its 10-Q filed Oct 29, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 5.9M underlying shares, as reported Sep 30, 2026 (10-Q).

Rough fully diluted estimate: 17.8M = 11.9M O/S + 5.9M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Oct 29, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding11.9MAug 7, 2026
+ Public Warrants (if exercised)5.8MSep 30, 2026
+ Private Warrants (if exercised)180,125Sep 30, 2026
+ Warrant (if exercised)180,125Sep 30, 2026
+ Private Placement Warrants (if exercised)180,125Sep 30, 2026
Fully diluted estimate18.2M+53.0% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $181.1Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Aug 22, 2025$181.1M registeredfiling →

Last 12 months: 0 executed · 0 registered.

EXECUTEDOct 15, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDOct 6, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDOct 2, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →
EFFECTIVESep 30, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDSep 24, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDSep 11, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDAug 22, 2025S-1 registration — capacity to sell shares, not a sale yetS-1 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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