Company: APAD
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001213900-25-059198
Chunk: 229

Company: AParadise Acquisition Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 229
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 combination, the number of ordinary shares subject to redemption will be reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. See “ Proposed Business — Effecting Our Initial Business Combination — Permitted Purchases of Our Securities .” In addition to the potential dilution reflected in the table above, there are several material sources of future dilution that may occur following our offering. We have the ability to issue additional ordinary shares or other equity securities to raise capital, in connection with completing our initial business combination, or as part of any subsequent financing, such a PIPE transaction. Such issuances may be at prices below the current market value or net tangible book value per share, further diluting existing stockholders. We may issue additional ordinary shares under an employee incentive plan after completion of our initial business combination. Equity -basedcompensation plans may be adopted or expanded to attract and retain management, employees, and advisors, particularly in connection with the initial business combination. The issuance of equity awards under such plans, including stock options or restricted stock, would result in further dilution to existing stockholders. Any such issuances would dilute the interest of our shareholders and likely present other risks. 134

CAPITALIZATION The following table sets forth our capitalization at March 31, 2025, and as adjusted to give effect to the filing of our amended and restated memorandum and articles of association, the sale of our units in this offering and the sale of the private placement units and the application of the estimated net proceeds derived from the sale of such securities, assuming no exercise by the underwriters of their over -allotmentoption:

|                                                                                                                                                                                          |     | March 31, 2025 |          |   |     |             |             |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|---------:|:--|:----|:------------|------------:|:--|
|                                                                                                                                                                                          |     | Actual         |          |   |     | As adjusted |             |   |
| Notes payable to related party(1).                                                                                                                                                       |     | $              |  238,806 |   |     | $           |           — |   |
| Accrued expenses                                                                                                                                                                         |     |                |   71,570 |   |     |             |           — |   |
| Deferred underwriting commissions                                                                                                                                                        |     |                |        — |   |     |             |   8,000,000 |   |
| Class A