Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 434

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 434
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 industry the Company’s target operates in, it is the Company’s intention to pursue prospective targets that are in the leisure and entertainment sector. As of December 31, 2024, the Company had not commenced any operations. For the period from November 9, 2022 (inception) through December 31, 2024, the Company’s efforts have been limited to organizational activities as well as activities related to the Proposed Public Offering (as defined below). The Company will not generate any operating revenues until after the completion of a business combination, at the earliest. The Company will generate non -operatingincome in the form of dividends and/or interest income from the proceeds derived from the Proposed Public Offering. The Company’s founder and sponsor, A SPAC IV (Holdings) Corp., is a BVI company (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate financial resources through a proposed public offering of 20,000,000 units at $10.00 per unit (the “Units”) (or 23,000,000 Units if the underwriters’ over -allotmentoption is exercised in full), which is discussed in Note 3 (the “Proposed Public Offering”). Additionally, the Sponsor and the underwriter, Cohen & Company Capital Markets (“CCM”), a division of J.V.B. Financial Group, LLC, have committed to purchase an aggregate of 600,000 (or 660,000 units if the underwriters’ over -allotmentoption is exercised in full) units (the “Private Placement Units”) at a price of $10.00 per Private Placement Unit for a total purchase price of $6,000,000 (or $6,600,000 if the over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the closing of the Proposed Public Offering. Each Unit consists of one Class A ordinary share and one right to receive one -eighth(1/8) of one Class A ordinary share upon the completion of the initial Business Combination. The Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post