Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 110

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 4
Chunk 110
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 of 1,000,000
founder shares were forfeited on September 15, 2025. The foregoing issuance of securities was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act.

The registration statement (the “Registration
Statement”) for our IPO was declared effective on July 29, 2025. As previously disclosed on a Current Report on Form 8-K dated July
29, 2025, on July 31, 2025, A Paradise Acquisition Corps (the “Company”) consummated the IPO of 20,000,000 units (the “Units”).
Each Unit consists of one Class A ordinary share (“Public Share”) and one right (“Public Right”) to receive one-eighth
of one Class A ordinary share upon the consummation of an initial business combination. The Units were sold at an offering price of $10.00
per Unit, generating gross proceeds of $200,000,000.

As previously disclosed on a Current Report on
Form 8-K dated July 29, 2025, on July 31, 2025 and in connection with the IPO, the Company consummated (i) the purchase by the Sponsor
of 400,000 private placement units (the “Sponsor Private Placement Units”) on a private placement basis that occurred simultaneously
with the consummation of the IPO, and (ii) the purchase by CCM of 200,000 private placement units (the “Underwriter Private Placement
Units” and together with the Sponsor Placement Units, the “Private Placement Units”) on a private placement basis that
occurred simultaneously with the consummation of the IPO, at a price of $10.00 per Private Placement Unit, generating total proceeds of
$6,000,000. The Private Placement Units are identical to the units sold in this offering except that, so long as they are held by our
sponsor or its permitted transferees, (i) they will not be redeemable by us, and (ii) they (including the Class A ordinary shares issuable
upon conversion of the private placement rights) may not, subject to certain limited exceptions, be transferred, assigned or sold by our
sponsor until the completion of our initial business combination.

As of July 31, 2025, a total of $200,000,000 ($10.00
per unit) of the net proceeds from the IPO and the Private Placement were deposited