Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 6

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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,000,000 founder shares on September 15, 2025 for no consideration as the underwriters of the IPO did not exercise the over-allotment option (see Note 5).  
 (2) On November 9, 2022, 3,737,500 Class B ordinary shares were issued to the Sponsor for $25,000. On October 2, 2024, the Company issued 5,750,000 Class B ordinary shares to the Sponsor for $25,000 and immediately repurchased the 3,737,500 initial shares from the Sponsor for $25,000, resulting in 5,750,000 Class B ordinary shares outstanding after the repurchase. In May 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 1,000,000 shares are subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters), and subsequently 5,750,000 of the founder shares were repurchased by the Company for an aggregate purchase price of $25,000 (see Note 5). 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

A PARADISE ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
AND 2024

For the nine months ended September 30, 

2025  
2024 

Cash flows from operating activities: 

 Net income (loss)  $1,426,617   $(37,731) 

Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities: 

 Interest earned on marketable securities held in trust account   (1,375,529)   —  
 Gain on expiration of over-allotment option liability   (272,989)   —  

Changes in operating assets and liabilities: 

 Prepaid expenses   (177,093)   —  
  Accrued expenses   81,239    29,165  
 Net cash used in operating activities   (317,755)   (8,566) 

Cash flows from investing activities