Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 90

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 90
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 combination, our sponsor and its permitted transferees will own at least 25% of our issued and outstanding ordinary shares entitled to vote thereon. As a result, in addition to our initial shareholder’s founder shares, and the private placement shares we would need only 6,366,667 or 31.8%, of the 20,000,000 public shares sold in this offering to be voted in favor of a transaction (assuming all outstanding shares are voted) in order to have our initial business combination approved, assuming the over -allotmentoption is not exercised and the parties to the letter agreement do not acquire any Class A ordinary shares. If only the minimum number of shares representing a quorum are voted and the over -allotmentoption is not exercised no public shares sold in this offering would be required to be voted in favor of a transaction in order to have our initial business combination approved. Accordingly, if we seek shareholder approval of our initial business combination, the agreement by our initial shareholders and management team to vote in favor of our initial business combination will increase the likelihood that an ordinary resolution will be passed, being the requisite shareholder approval for such initial business combination. Although we have no knowledge of any affiliation or other agreement or arrangement, as to the voting of our securities or otherwise, among the non -votingsponsor investors, non -voting 55 sponsor investors’ interests in the founder shares may provide them with an incentive to vote any shares they own in favor of a business combination, and make a substantial profit on appreciation of the founder shares, even if the business combination is with a target that ultimately reduces the value of the public shares to a level that is not profitable for other public shareholders. If the non -votingsponsor investors all elect to purchase the full amount of our units described herein and so long as they hold a substantial portion of the units purchased, the sponsor and the non -votingsponsor investors would collectively own a significant number of our shares. Therefore, in the event that the non -votingsponsor investors purchase the full amount of units described herein, continue to hold the shares included in the units and individually decide to vote such shares in favor of our initial business combination, we would not need any additional public shares sold in this offering to be voted in favor of our initial business combination to have our initial business combination approved. Your only opportunity to effect your investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash. At