Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 114

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 1
Chunk 114
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 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 of $200,000,000.

As previously disclosed on a Current Report on
Form 8-K dated July 29, 2025, on July 31, 2025 and in connection with the IPO, the Company consummated (i) the purchase by the Sponsor
of 400,000 private placement units (the “Sponsor Private Placement Units”) on a private placement basis that occurred simultaneously
with the consummation of the IPO, and (ii) the purchase by CCM of 200,000 private placement units (the “Underwriter Private Placement
Units” and together with the Sponsor Placement Units, the “Private Placement Units”) on a private placement basis that
occurred simultaneously with the consummation of the IPO, at a price of $10.00 per Private Placement Unit, generating total proceeds of
$6,000,000. The Private Placement Units are identical to the units sold in this offering except that, so long as they are held by our
sponsor 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 until the completion of our initial business combination.

As of July 31, 2025, a total of $200,000,000 ($10.00
per unit) of the net proceeds from the IPO and the Private Placement were deposited in a trust account established for the benefit of
the Company’s public shareholders (the “Trust Account”) located in the United States with Continental Stock Transfer
& Trust Company acting as trustee. The funds placed in the Trust Account will be invested only in U.S. government treasury bills 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. Except with respect to interest earned on the funds held in the Trust
Account that may be released to the Company to pay its taxes, if any, the proceeds from the IPO and the private placement will not be
released from the Trust Account the earlier to occur of