Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 450

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 450
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vements to Reportable Segment Disclosures, in the accompanying financial statements. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, Chief Financial Officer and Chairman (“CODM”), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment. The Company’s CODM does not review assets by segment in the evaluation and therefore assets by segment are not disclosed below. When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews key metrics, which include the following:

|                                     |     | For the years ended 
 December 31,        |    2024 |   |     |   |     2023 |   |
|:------------------------------------|:----|:--------------------|--------:|:--|:----|:--|---------:|:--|
| General and administrative expenses |     | $                   |  75,562 |   |     | $ |  187,158 |   |
| Net Loss                            |     | $                   | (75,562 | ) |     | $ | (187,158 | ) |

The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses. General and administrative expenses include legal expenses, auditing expenses, consulting expenses, and regulatory filing fees, none of which are deemed to be significant segment expenses and are reviewed in aggregate to ensure alignment with budget and contractual obligations. 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