Company: APAD
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001213900-25-059198
Chunk: 455

Company: AParadise Acquisition Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 455
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187,158 | ) |

The key measure of segment profit or loss reviewed by the CODM is net loss. Net loss is directly affected by general and administrative expenses, including legal expenses, auditing expenses, consulting expenses, and regulatory filing fees, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a regular basis. Net loss is reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Proposed Public Offering and eventually a Business Combination within the business combination period. The CODM also reviews net loss to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. All other segment items included in net income or loss are reported on the statement of operations and described within their respective disclosures. Note 9 — Subsequent Events In accordance with ASC 855, “Subsequent Events”, the Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company identified the following subsequent events that would have required adjustments or disclosure in the audited financial statements. On May 19, 2025, the Company modified the following key terms of the Proposed Public Offering to: 1)Add one -eighth(1/8) of one right which will convert into one ordinary share upon the consummation of a Business Combination; 2)Eliminate one -halfof one redeemable public warrant in each Public Unit; and 3)Reduce percent of public offering size to be held in the Trust Account to 100% (or $10.00 per Unit) from 100.5% (or $10.05 per Unit). In connection with the modified terms, 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 1,000,000shares 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.

F-32 A PARADISE ACQUISITION CORP. STATEMENTS OF CHANGES IN SHAREHOLDER’ S DEFICIT FOR YEARS ENDED DECEMBER 31, 2024 AND 2023 20,