APAD

A Paradise Acquisition Corp. (APAD) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company completed its initial public offering in December 2021, raising approximately $100 million in gross proceeds. APAD is sponsored by Paradise Holdings LLC and focuses on identifying target businesses in the consumer and retail sectors, particularly those with strong brand recognition, sustainable competitive advantages, and significant growth potential. The company's management team brings extensive experience in consumer products, retail operations, and strategic acquisitions. As a blank check company, APAD holds its IPO proceeds in a trust account while conducting its search for a suitable acquisition target. Under its charter, the company has a limited timeframe to complete an initial business combination, typically 18 to 24 months from the IPO date, with possible extensions. Until a business combination is consummated, APAD does not generate operating revenues and exists solely to pursue its acquisition objectives. The company trades as a unit consisting of one share of Class A common stock and one-half of one redeemable warrant, with the warrants and common stock also trading separately on the NYSE American exchange.