Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 67

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 67
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 including the over-allotment option, as applicable. There will be no redemption rights or liquidating distributions from the trust account with respect to the founder shares, private placement shares, private placement units or private placement rights. The rights will expire worthless if we do not consummate a business combination within the allotted 24-month period. Our sponsor has agreed to waive its redemption rights with respect to its private placement shares (i) in connection with the consummation of a business combination, (ii) in connection with a shareholder vote to amend our amended and restated memorandum and articles of association to modify the substance or timing of our obligation to redeem 100% of our public shares if we do not complete our initial business combination within 24 months after the closing of this offering and (iii) if we fail to consummate a business combination within 24 months after the closing of this offering or if we liquidate prior to the expiration of the 24-month. However, our sponsor will be entitled to redemption rights with respect to any public shares held by it if we fail to consummate a business combination or liquidate within the 24-month period. |
| The non-voting sponsor investors have indicated an interest to indirectly purchase, through the purchase of non-voting shares in the sponsor, an aggregate of [•] private placement units at a price of $10.00 per units ($[•] in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non-voting sponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue non-voting shares at a nominal purchase price to the non-voting sponsor investors reflecting interests in an aggregate of [•] founder shares held by the sponsor. The non-voting sponsor investors will not be subject to transfer restrictions or a lock-up agreement on any Class A ordinary shares that they may purchase in this offering pursuant to the expressions of interest described below or otherwise.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

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|                                                   |     | The private placement units to be purchased by CCM or its affiliates are deemed underwriters’ compensation by FINRA pursuant to FINRA Rule 5110.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                   |     | Except in certain limited circumstances, no member of the sponsor (including the non-voting sponsor investors) may transfer all or any portion of its shares in the