Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 334

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 334
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000,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering. Up to 1,000,000 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. The post -offeringpercentages in the following table assume that the underwriters do not exercise their over -allotmentoption, that 1,000,000 founder shares have been surrendered to us for no consideration, and that there are 26,666,667 ordinary shares issued and outstanding after this offering, excluding the private placement shares. Immediately after this offering, our initial shareholders will beneficially own approximately 25% of the then issued and outstanding ordinary shares (assuming they do not purchase any units in this offering and excluding the private placement shares). Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside the British Virgin Islands. Holders of our public shares will not have the right to elect any directors to our board of directors prior to our initial business combination. In addition, because of their ownership block, our sponsor may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including amendments to our amended and restated memorandum and articles of association and approval of significant corporate transactions including our initial business combination. Our sponsor and CCM, the representative of the underwriters, have committed, pursuant to written agreements, to purchase an aggregate of 600,000 private placement units (or 660,000 private placement units if the underwriters’ over -allotmentoption is exercised in full), at a price of $10.00 per unit, or $6,000,000 in the aggregate (or $6,600,000 if the underwriters’ over -allotmentoption is exercised in full) in a private placement that will occur simultaneously with the closing of this offering. Of those 600,000 private placement units (or 660,000 private placement units if the underwriters’ over -allotmentoption is exercised in full), our sponsor has agreed to purchase 400,000 private placement units (or $430,000 private placement units if the underwriters’ over -allotmentoption is exercised in full) and CCM has agreed to purchase 200,