Company: APAD
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001213900-25-059198
Chunk: 343

Company: AParadise Acquisition Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 343
---
 shares underlying the units, 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, and are entitled to registration rights. The private placement shares and the private placement rights (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 it until the completion of our initial business combination. There will be no redemption rights or liquidating distributions from the trust account with respect to the founder shares, private placement shares or private placement rights, which will expire worthless if we do not consummate a business combination within the allotted 12 -monthperiod (or up to 18 months from the closing of this offering if we extend the period of time to consummate a business combination by the full amount of time without shareholder approval). The non -votingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -votinginterests in the sponsor, an aggregate of [•] private placement units at a price of $10.00 per unit ($ [•] in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -votingsponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue non -votingshares at a nominal purchase price to the non -votingsponsor investors reflecting interests in an aggregate of [•] founder shares held by the sponsor. The private placement units held by the sponsor, including the private placement units represented by the non -votingsponsor investors’ shares, are subject to a lock -upas described in “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units”; however, the non -votingsponsor investors will not be subject to transfer restrictions or a lock -upagreement on any Class A ordinary shares that they may purchase in this offering. As more fully discussed in “Management — Conflicts of Interest” if any of our officers or directors becomes aware of a business combination opportunity that may be suitable for any entity to which he or she has then -currentfiduciary or contractual obligations, he or she may be required to present such business combination opportunity to such entity prior to presenting such business combination opportunity to us, subject