Company: APAD
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001213900-25-087285
Chunk: 22

Company: AParadise Acquisition Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 8
Chunk 22
---
ipate,” “believe,”
“estimate,” “continue,” or the negative of such terms or other similar expressions. A number of factors could
cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking
statements, including that the conditions of the Proposed 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, 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.

15

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