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

Company: AParadise Acquisition Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 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 the Sponsor.

The Private Units were issued pursuant to Section
4(a)(2) of the Securities Act of 1933, as amended, as the transactions did not involve a public offering. The Private Placement Units
are identical to the units sold in this offering except that, so long as they are held by our sponsor, CCM or its permitted transferees,
(i) they will not be redeemable by us, and (ii) they (including the Class A ordinary shares issuable upon conversion of the private placement
rights) may not, subject to certain limited exceptions, be transferred, assigned or sold by our sponsor or CCM until the completion of
our initial business combination.

Upon the closing of the IPO and the private placement
on July 31, 2025, a total of $200,000,000 of the net proceeds from the IPO and the Private Placement were deposited in the Trust Account
established for the benefit of the Company’s public shareholders. The funds placed in the Trust Account may only be invested in
U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule
2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations. We intend to use substantially
all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes
payable), to complete our business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration
to complete our business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the
operations of the target business or businesses, make other acquisitions and