Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 434

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 434
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 statement of operations and described within their respective disclosures.

F-16 A PARADISE ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS Note 9 — Subsequent Events In accordance with ASC 855, “Subsequent Events”, the Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon this review, the Company identified the following subsequent events that would have required adjustments or disclosure in the unaudited condensed financial statements. In May 2025, the Company modified the following key terms of the Proposed Public Offering to: 1)Add one -eighth(1/8) of one right which will convert into one ordinary share upon the consummation of a Business Combination; 2)Eliminate one -halfof one redeemable public warrant in each Public Unit; and 3)Reduce percent of public offering size to be held in the Trust Account to 100% (or $10.00 per Unit) from 100.5% (or $10.05 per Unit). In connection with the modified terms, on May 19, 2025, the Sponsor paid $25,000, or approximately $0.003 per share, in exchange for 7,666,667 founder shares (of which an aggregate of up to 1,000,000shares are subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriter);subsequently, 5,750,000 of the founder shares were repurchased by the Company for an aggregate purchase price of $25,000. F-17 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To:The Board of Directors and Shareholder of A Paradise Acquisition Corp. Opinion on the Financial Statements We have audited the accompanying balance sheets of A Paradise Acquisition Corp. (the “Company”) as of December 31, 2024 and 2023, and the related statements of operations, changes in shareholder’s deficit, and cash flows for each of the years in the two -yearperiod ended December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each