Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 433

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 433
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 subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriters (see Note 5). (2)All share data has been retroactively presented. On November 9, 2022, 3,737,500 Class B ordinary shares were issued to the Sponsor for $25,000. On October 2, 2024, the Company issued 5,750,000 Class B ordinary shares to the Sponsor for $25,000, and immediately repurchased the 3,737,500 initial shares from the Sponsor for $25,000, resulting in 5,750,000 Class B ordinary shares outstanding after the repurchase. On May 19, 2025, the 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 -allotmentoption is not exercised in full or in part by the underwriter); subsequently, 5,750,000 of the founder shares were repurchased by the Company for an aggregate purchase price of $25,000 (See Note 5). The accompanying notes are an integral part of the financial statements.

F-21

A PARADISE ACQUISITION CORP.
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

| Cash flows from operating activities:                                       |     | For the years ended 
 December 31,        
 2024                |         |   |     | 2023 |          |   |
|:----------------------------------------------------------------------------|:----|:--------------------|--------:|:--|:----|:-----|---------:|:--|
| Net loss                                                                    |     | $                   | (75,562 | ) |     | $    | (187,158 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |                     |         |   |     |      |          |   |
| Deferred offering costs expensed                                            |     |                     |       — |   |     |      |   80,658 |   |
| Changes in operating assets and liabilities                                 |     |                     |         |   |     |      |          |   |
| Prepaid expenses                                                            |     |                     |  (2,400 | ) |     |