Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 395

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 395
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 prospectus entitled “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units”). Except in certain limited circumstances, no member of the sponsor (including the non -votingsponsor investors) may transfer all or any portion of its shares in the sponsor. For more information, see “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units”. CCM has committed to purchase an aggregate of 200,000 private placement units (or 230,000 private placement units if the underwriters’ over -allotmentoption is exercised), each private placement unit consisting of one Class A ordinary share and one Share Right to receive one eighth (1/8) of a Class A ordinary share upon the consummation of an initial business combination at a price of $10.00 per unit, or $2,000,000 in the aggregate (or $2,300,000 if the underwriters’ over -allotmentoption is exercised), in a private placement that will close simultaneously with the closing of this offering. Such private placement units (and their underlying securities) will be subject to lock -uprestrictions, as required by FINRA Rule 5110(e)(1) and may not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of such securities by any person for a period of 180 days immediately following the date of effectiveness of the registration statement of which this prospectus forms a part or commencement of sales of the offering, except as provided in FINRA Rule 5110(e)(2). CCM is entitled under the registration rights agreement to demand and “piggy -back” resale registration rights. CCM may not exercise its demand and “piggy -back” registration rights after five and seven years, respectively, after the commencement of sales in this offering and may not exercise its demand rights on more than one occasion. Prior to this offering, there has been no public market for our securities. Consequently, the initial public offering price for the units was determined by negotiations between us and the representative. The determination of our per unit offering price was more arbitrary than would typically be the case if we were an operating company. Among the factors considered in determining the initial public offering price were the history and prospects of companies whose principal business is the acquisition of other companies, prior offerings of those companies, our management