Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 125

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 125
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otmentoption is exercised. The founder shares will be worthless if we do not complete an initial business combination, except to the extent they receive liquidating distributions from assets outside of the trust account. Our sponsor intends to transfer an aggregate of 60,000 of its founder shares, or 20,000 each to our three independent directors, and an aggregate of 25,000 of its founder shares to our advisor, at the consummation of an initial business combination. The founder shares will be worthless if we do not complete an initial business combination. In addition, our sponsor and CCM, the representative of the underwriters, have committed 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 for an aggregate purchase price of $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 close simultaneously with the closing of this offering. Each private placement unit consists of one Class A ordinary share and one right to receive of one -eighth(1/8) of one Class A ordinary share upon the completion of our initial business combination. Such rights will also be worthless if we do not complete a business combination. 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 430,00 private placement units if the underwriters’ over -allotmentoption is exercised in full) and CCM has agreed to purchase 200,000 private placement units. The non -votingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -votingshares, an aggregate of[•] private placement units at a price of $10.00 per unit ($ [•] in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -votingsponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue non -votingshares at a nominal purchase price to the non -votingsponsor investors reflecting interests in an aggregate of [•] founder shares held