Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 88

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 88
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cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking
statements that the conditions of an initial Business Combination are not satisfied. For information identifying important factors that
could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors
section of the Company’s final prospectus for its Initial Public Offering and in our other filings filed with the U.S. Securities
and Exchange Commission (the “SEC”). The Company’s securities filings can be accessed on the EDGAR section of the SEC’s
website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Overview

We are a blank check company incorporated on November
9, 2022 as a British Virgin Islands business company with limited liability and formed for the purpose of effecting a merger, amalgamation,
share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.
We intend to effectuate our initial business combination using cash from the proceeds of the initial public offering (the “IPO”)
and the private placement of the private placement units, the proceeds of the sale of our securities in connection with our initial business
combination (including pursuant to forward purchase agreements or backstop agreements we may enter into following the IPO or otherwise)
shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, other securities issuances,
or a combination 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 consumm