Company: APAD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108829
Chunk: 117

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 1A
Chunk 117
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As smaller reporting company we are not required
to make disclosures under this Item.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On November 9, 2022, 3,737,500 Class B ordinary
shares were issued to the Sponsor for $25,000. On October 2, 2024, the Company issued 5,750,000 Class B ordinary shares to the Sponsor
for $25,000, and immediately repurchased the 3,737,500 initial shares from the Sponsor for $25,000, resulting in 5,750,000 Class B ordinary
shares outstanding after the repurchase. In May 2025, the Sponsor paid $25,000, or approximately $0.003 per share, in exchange for 7,666,667
founder shares (of which an aggregate of up to 1,000,000 shares are subject to forfeiture if the over-allotment option is not exercised
in full or in part by the underwriters), and subsequently 5,750,000 of the founder shares were repurchased by the Company for an aggregate
purchase price of $25,000. As a result of the underwriters’ option not to exercise the over-allotment option, a total of 1,000,000
founder shares were forfeited on September 15, 2025. The foregoing issuance of securities was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act.

The registration statement (the “Registration
Statement”) for our IPO was declared effective on July 29, 2025. As previously disclosed on a Current Report on Form 8-K dated July
29, 2025, on July 31, 2025, A Paradise Acquisition Corps (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 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 (