Company: APAD
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001213900-25-087285
Chunk: 27

Company: AParadise Acquisition Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 to funds
in our trust account.

17

We do not believe we will need to raise additional
funds in order to meet the expenditures required for operating our business. However, if our estimate of the costs of identifying a target
business, undertaking in-depth due diligence and negotiating a business combination are less than the actual amount necessary to do so,
we may have insufficient funds available to operate our business prior to our initial business combination. Moreover, we may need to obtain
additional financing either to complete our business combination or because we become obligated to redeem a significant number of our
public shares upon completion of our business combination, in which case we may issue additional securities or incur debt in connection
with such business combination. Subject to compliance with applicable securities laws, we would only complete such financing simultaneously
with the completion of our business combination. If we are unable to complete our business combination because we do not have sufficient
funds available to us, we will be forced to cease operations and liquidate the Trust Account. In addition, following our business combination,
if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

The Company has incurred and expects to continue
to incur significant costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation
of a business combination. In connection with the Company’s assessment of going concern considerations in accordance with Financial
Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an
Entity’s Ability to Continue as a Going Concern,” management has determined that these conditions raise substantial doubt
about the Company’s ability to continue as a going concern. The management’s plan in addressing this uncertainty is through
the Working Capital Loans, as defined below (see Note 5). In addition, if the Company is unable to complete a business combination 12
months from the closing of the IPO (or up to 18 months from the closing of the IPO if we extend the period of time to consummate a business
combination by the full amount of time), the Company’s board of directors would proceed to commence a voluntary liquidation and
thereby a formal dissolution of the Company. There is no assurance that the Company’s plans to consummate a business combination
will be successful. As a result, management has determined that such additional condition also raises substantial doubt about the Company’s
ability to continue as a going concern. The financial statements do not include any adjustments