Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 3

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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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. In May 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-allotment option is not exercised in full or in part by the underwriters), and 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 unaudited condensed financial statements.

2

A PARADISE ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENTS OF CHANGES IN
SHAREHOLDERS’ DEFICIT

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER
30, 2025 AND 2024

For the three and nine months ended September 30, 2025

Ordinary shares  
Additional  
   
Total 

Preferred shares  
Class A  
Class B  
paid-in  
Accumulated  
shareholders’ 

Shares  
Amount  
Shares  
Amount  
Shares(1)(2)  
Amount  
capital  
deficit  
deficit 
 Balance as of January 1, 2025   —   $—    —   $—    6,666,667   $—   $25,000   $(265,659)  $(240,659) 
 Net loss   —    —    —    —    —    —    —    (34,600)   (34,600) 
 Balance as of March 31, 2025   —   $—    —   $—    6,666,667   $—   $25,000   $(300,