Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 373

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 373
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 •at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company. As a result, our initial shareholders will be able to sell their founder shares and private placement units, as applicable, pursuant to Rule 144 without registration one year after we have completed our initial business combination. Registration Rights The holders of the (i) founder shares, which were issued in a private placement prior to the closing of this offering, (ii) private placement units which will be issued in a private placement simultaneously with the closing of this offering and the Class A ordinary shares underlying such private placement units and (iii) units that may be issued upon conversion of working capital loans will have registration rights to require us to register a sale of any of 223 our securities held by them and any other securities of the company acquired by them prior to the consummation of our initial business combination pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. Pursuant to the registration rights agreement and assuming the underwriters exercise their over - allotmentoption in full and $1,500,000 of working capital loans are converted into private placement units, we will be obligated to register up to 8,577,917 Class A ordinary shares and 810,000 rights. The number of Class A ordinary shares includes (i) 7,666,667 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 660,000 Class A ordinary shares underlying the private placement units, (iii) 82,500 Class A ordinary shares underlying the private placement rights, (iv) 150,000 Class A ordinary shares underlying the private placement rights issued upon conversion of working capital loans and (v) 18,750 Class A ordinary shares underlying the private placement rights issued upon conversion of working capital loans. The number of rights includes 660,000 rights underlying the private placement units and 150,000 rights underlying the units issued upon the conversion of working capital loans. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to our completion of our initial business combination. Notwithstanding anything to the contrary, CCM may only make a demand on one occasion and only during the five -yearperiod beginning on the effective date of the registration