Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 72

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
 of the foregoing. 

We expect to continue to incur significant costs
in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or to complete our initial business
combination will be successful.

17

Recent Developments

On July 31, 2025, the Company consummated
the IPO of 20,000,000 units (the “Units”). Each Unit consists of one Class A ordinary share (“Public Share”) and
one right (“Public Right”) to receive one-eighth of one Class A ordinary share upon the consummation of an initial Business
Combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds to the Company of $200,000,000.

On July 31, 2025 and in connection with
the IPO, the Company consummated (i) the purchase by the Sponsor of 400,000 private placement units (the “Sponsor Private Placement
Units”) on a private placement basis that occurred simultaneously with the consummation of the IPO, and (ii) the purchase by CCM
of 200,000 private placement units (the “Underwriter Private Placement Units” and together with the Sponsor Placement Units,
the “Private Placement 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 Company granted the underwriters a 45-day
option to purchase up to 3,000,000 additional Units to cover over-allotments, if any, which expired unexercised on September 12, 2025.

Five institutional investors (none of
which are affiliated with any member of management, the Sponsor or any other investor) have purchased, indirectly, through the purchase
of non-voting interests in our sponsor, an aggregate of 130,000 Non-Voting Private Placement Units at a price of $10.00 per unit ($1,300,000
in the aggregate). In connection with the non-voting sponsor investor indirectly purchasing, through the Sponsor, the Non-Voting Private
Placement Units allocated to the non-voting sponsor investors in connection with the closing of the IPO, the Sponsor issued non-voting
shares at a nominal purchaser price to the non-voting sponsor investors at the closing of the IPO, reflecting interests in an aggregate
of 1,368,421 Founder Shares held by