Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 147

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 147
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 business activities, including identifying potential business combinations and monitoring the related due diligence. We do not have an employment agreement with, or key -maninsurance on the life of, any of our directors or officers. The unexpected loss of the services of one or more of our directors or officers could have a detrimental effect on us. The ownership interest of our sponsor may change, and sponsor has the ability to remove itself as the Company’s sponsor or to substantially reduce its interests in the Company before identifying a business combination, which may result in change in the strategy and focus of our Company in pursuing a business combination or deprive us of key personnel and advisors. Our sponsor is a British Virgin Islands business company with limited liability, which Claudius Tsang, one of our officer and director, is the sole director. Mr. Tsang holds voting and investment discretion with respect to the founder shares, private placement units, or any of the other securities held by the sponsor. However, this may change as there is no contractual restriction on the sponsor or Mr. Tsang’s ability to share, sell or otherwise dispose of part or all of the interests in our sponsor or held by our sponsor. Our sponsor may surrender or forfeit, transfer or exchange our founder shares, private placement units or any of our other securities, including for no consideration, as well as subject any such securities to earn -outsor other restrictions, or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities. In addition, our sponsor could, under certain circumstances permitted in the letter agreement, transfer their shares in the sponsor, thereby transferring control of our sponsor to a third party. Through the foregoing means, our sponsor may remove itself as the Company’s sponsor, substantially reduce its interests in the Company, or have its control transferred to a third party before we identify a business combination target. Any such reduction of the interests of our sponsor in the securities of the Company or transfer of sponsor interests may lead to the sponsor no longer having voting power and control over the affairs of the Company in pursuing a business combination. This could also result in a change to our management team, including Mr. Tsang, acquisition strategy and criteria and our industry focus without shareholders having the ability to consider the merits of a change in the management team. Additionally, there can be no assurance that any replacement sponsor, key personnel or advisors will successfully identify a business combination target for us, or, even if one is so identified, successfully complete such business combination. Our ability to successfully effect our initial