Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 408

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 408
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 2024, and the related notes (collectively referred to as the “unaudited condensed financial statements”). Based on our reviews, we are not aware of any material modifications that should be made to the accompanying unaudited condensed financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheets of the Company as of December 31, 2024 and 2023, and the related statements of operations, changes in shareholder’s deficit and cash flows for each of the years in the two -year period ended (not presented herein); and in our report dated May 22 , 2025, we expressed an unqualified opinion on those financial statements. In our opinion, the information set forth in the accompanying balance sheet as of December 31, 2024 and 2023, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived. Our opinion indicated that there was substantial doubt that the Company may continue as a going concern. As of the date of this report that doubt still exists. Substantial Doubt about the Company’s Ability to Continue as a Going Concern The accompanying unaudited condensed financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the unaudited condensed financial statements, the Company has incurred losses and has an accumulated deficit which raise substantial doubt about its ability to continue as a going concern. Management’s plan in regard to these matters is described in Note 1 of the unaudited condensed financial statements. These unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Review Results These unaudited condensed financial statements are the responsibility of the Company’s management. We conducted our review in accordance with the standards of the PCAOB. A review of unaudited condensed financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with standards of the PCAOB, the objective of which is the expression of an opinion regarding the unaudited condensed financial statements taken as a whole. Accordingly, we do not express such an opinion. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent