Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 153

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 153
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) and the initial offering price of $8.89 per unit (adjusted to exclude the value of the rights). This dilution would increase to the extent that the anti -dilutionprovisions of the founder shares result in the issuance of Class A ordinary shares on a greater than one -to-onebasis upon conversion of the founder shares at the time of our initial business combination. In addition, because of the anti -dilutionprotection in the founder shares, any equity or equity -linkedsecurities issued in connection with our initial business combination would be disproportionately dilutive to our Class A ordinary shares. 91 The non-voting sponsor investors have expressed an interest to purchase substantially all of the units in this offering, which could reduce the trading volume, volatility and liquidity for our shares, adversely affect the trading price of our shares and, further, may present a conflict of interest for such non-voting sponsor investors in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination. The non -votingsponsor investors have expressed to us an interest in purchasing up to a maximum of an aggregate of approximately [•] million of the units in this offering at the offering price (assuming the exercise in full of the underwriters’ over -allotmentoption), or up to a maximum of [•]% of this offering. None of the non -votingsponsor investors has expressed to us an interest in purchasing more than 9.9% of the units to be sold in this offering. Because these expressions of interest are not binding agreements or commitments to purchase, non -votingsponsor investors may determine to purchase a fewer number of units in this offering, or none at all. In addition, the underwriters have full discretion to allocate the units to investors and may determine to sell fewer units to the non -votingsponsor investors, or none at all, and the purchase of the non -votinginterests is not contingent upon the participation in this offering or vice -versa. Depending on how many units are purchased by the non -votingsponsor investors, the post -offeringtrading volume, volatility and liquidity of our securities may be reduced relative to what they would have been had the units been more widely offered and sold to other public investors. We do not expect any purchase of units by the non -votingsponsor investors to negatively impact our ability to meet Nasdaq listing eligibility requirements as we expect to comply with all of the Nasdaq listing requirements prior