APADU

A Paradise Acquisition Corp. (APADU) operates as 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 was incorporated in 2021 and is headquartered in George Town, Cayman Islands. As a blank check company, APADU does not have operations of its own but exists to identify and acquire a target company in its initial business combination. The company completed its initial public offering, raising capital to be held in trust until a qualifying acquisition is identified and approved by shareholders. APADU's management team focuses on evaluating potential target businesses across various industries, with particular attention to companies that demonstrate strong growth potential and strategic value. The SPAC structure allows the company to merge with a private entity, effectively taking it public through the business combination process. APADU units initially consist of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at a specified price. The company operates under a defined timeframe to complete its business combination, after which shareholders have the right to vote on proposed transactions or redeem their shares if they choose not to participate in the combination.