Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 61

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 61
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 2, 2024, our sponsor paid $25,000, or approximately $0.004 per share, in exchange for 5,750,000 founder shares, and subsequently 3,737,500 of the founder shares were repurchased by the Company for an aggregate purchase price of $25,000. On May 20, 2025, our sponsor paid $25,000, or approximately $0.003 per share, in exchange for 7,666,667 founder shares (of which an aggregate of up to 1,000,000 shares are subject to forfeiture if the over-allotment option is not exercised in full or in part by CCM), and subsequently 5,750,000 of the founder shares were repurchased by the Company for an aggregate purchase price of $25,000.                                                                                                                                                            
 Subject to each non-voting sponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue non-voting shares at a nominal purchase price to the non-voting sponsor investors reflecting interests in an aggregate of [•] founder shares held by the sponsor. Our sponsor intends to transfer an aggregate of 60,000 of its founder shares, or 20,000 each to our three independent directors, and an aggregate of 25,000 of its founder shares to our advisor, at the consummation of an initial business combination.                                                                                                                                                                                                                                                                                                                                                                                  
 Prior to the initial investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The per share price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 23,000,000 units if the underwriters’ over-allotment option is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering. Our public shareholders may incur material dilution due to such anti-dilution adjustments that result in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion. Up to 1,000,000 of the founder shares may be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment option is not exercised. |
|                 |     | If we increase or decrease the size of the offering pursuant to Rule