Company: APAD
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001213900-25-087285
Chunk: 24

Company: AParadise Acquisition Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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000 of deferred underwriting fee,
and $645,418 of other offering costs.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from November 9, 2022 (inception) through June 30, have been limited to organizational
activities as well as activities related to the Initial Public Offering, and subsequent to the IPO, identifying a target company for a
Business Combination. We do not expect to generate any operating revenues until after the completion of our business combination.

We expect to generate non-operating income in
the form of interest income on marketable securities held in the Trust Account. We expect that we will incur expenses as a result of being
a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection
with searching for, and completing, a business combination.

For the three and six months ended June 30, 2025,
we had a net loss of $18,065 and $52,665, respectively, all of which consisted of formation and operating expenses.

For the three and six months ended June 30, 2024,
we had a net loss of $0 and $8,000, respectively, all of which consisted of formation and operating expenses.

16

Liquidity and Capital Resources

As previously disclosed on a Current Report on
Form 8-K dated July 29, 2025, on July 31, 2025, the Company consummated the IPO of 20,000,000 Units. Each Unit consists of one Public
Share and one 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 of $200,000,000. The Company granted the underwriters
a 45-day option to purchase up to 3,000,000 additional Units to cover over-allotments, if any.

As previously disclosed on a Current
Report on Form 8-K dated July 29, 2025, on July 31, 2025, simultaneously with the closing of the IPO, the Company consummated the private
placement of 600,000 Private Placement Units to the Sponsor and the underwriter at a price of $10.00 per Private Placement Unit, generating
total proceeds of $6,000,000.

Five institutional investors (none of which