Company: APAD
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001213900-25-059198
Chunk: 339

Company: AParadise Acquisition Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 339
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 liquidity of our securities may be reduced relative to what they would have been had the units been more widely offered and sold to other public investors. In addition, the underwriters have full discretion to allocate the units to investors and may determine to sell fewer units to the non -votingsponsor investors, or none at all, and the purchase of the non -votingsponsor shares is not contingent upon the participation in this offering or vice -versa. The underwriter will receive the same upfront discounts and commissions and deferred underwriting commissions on units purchased by the non -votingsponsor investors, if any, as it will on the other units sold to the public in this offering. In the event that the non -votingsponsor investors purchase the number of units in which they have expressed an interest (either in this offering or after) and vote them in favor of our initial business combination, no affirmative votes from other public shareholders would be required to approve our initial business combination. However, because our non -votingsponsor investors are not obligated to continue owning any public shares following the closing of this offering and are not obligated to vote any public shares in favor of our initial business combination, we cannot assure you that any of these non -votingsponsor investors will be public shareholders at the time our shareholders vote on our initial business combination, and, if they are public shareholders, we cannot assure you as to how such non -votingsponsor investors will vote on any business combination. We do not expect any purchase of units by the non -votingsponsor investors to negatively impact our ability to meet Nasdaq listing eligibility requirements. Restrictions on Transfers of Founder Shares and Private Placement Units The founder shares and private placement units and any Class A ordinary shares or private placement rights underlying or issued upon conversion or exercise thereof are each subject to transfer restrictions pursuant to lock -upprovisions in the agreements entered into by our sponsor and management team. Those lock -upprovisions provide that such securities are not transferable or saleable (i) in the case of the founder shares, until the earlier of (A) six months after the completion of our initial business combination or earlier if, subsequent to our initial business combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub -divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing after our initial