Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 0

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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A PARADISE ACQUISITION CORP.

CONDENSED BALANCE SHEETS

AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

As of September 30,  2025  
As of  December 31,  2024 

(Unaudited)  
(Audited) 

ASSETS: 

Current assets: 

 Cash  $1,454,749   $—  
 Prepaid expenses   179,493    2,400  
 Total current assets   1,634,242    2,400  

 Deferred offering costs   —    22,817  
 Investments held in trust account   201,375,529    —  
 Total Assets  $203,009,771   $25,217  

LIABILITIES, SHARES SUBJECT TO REDEMPTION AND SHAREHOLDERS’ DEFICIT: 

Current liabilities: 

 Accrued expenses  $111,309   $30,070  
 Due to related party   57,922    —  
 Promissory note - related party   300,000    235,806  
 Total current liabilities   469,231    265,876  

 Deferred underwriting fee payable   8,000,000    —  
 Total Liabilities  $8,469,231   $265,876  

 Commitments and Contingencies (Note 6)           

 Class A ordinary shares subject to possible redemption, no par value; 100,000,000 shares authorized; 20,000,000 shares issued and outstanding as of September 30, 2025 at redemption value of $10.07 per share and nil share issued and outstanding as of December 31, 2024   201,375,529    —  

Shareholders’ Deficit 

 Preferred shares, no par value; 5,000,000 shares authorized; none issued and outstanding as of September 30, 2025 and December 31, 2024  $—   $—  
 Class A ordinary shares, no par value; 500,000,000 shares authorized; 600,000 shares issued and outstanding (excluding 20,000,000 shares subject to possible redemption) as of September