Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 84

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 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 in a trust account established for the benefit of
the Company’s public shareholders (the “Trust Account”) located in the United States with Continental Stock Transfer
& Trust Company acting as trustee. The funds placed in the Trust Account will be invested only in U.S. government treasury bills with
a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations. Except with respect to interest earned on the funds held in the Trust
Account that may be released to the Company to pay its taxes, if any, the proceeds from the IPO and the private placement will not be
released from the Trust Account the earlier to occur of (i) the completion of the initial Business Combination, (ii) the redemption
of any public shares properly tendered in connection with a shareholder vote to amend the Company’s amended and restated memorandum
and articles of association to (A) modify the substance or timing of the Company’s obligation to redeem 100% of the public
shares if the Company does not complete the initial Business Combination within the Combination Period (defined below) or (B) with
respect to any other provision relating to shareholders’ rights or pre-Business Combination activity and (iii) the redemption
of all of the public shares if the Company is unable to complete the initial Business Combination within the Combination Period (defined
below), subject to applicable law and as further described in the Prospectus. In no other circumstances will a public shareholder have
any right or interest of any kind in