A Paradise Acquisition Corp. Announces Closing of $200 Million Initial Public Offering
A Paradise Acquisition Corp. (Nasdaq: APADU), a blank check company, has successfully completed its $200 million initial public offering. The company sold 20 million units at $10.00 per unit, with each unit comprising one Class A ordinary share and one right to receive one-eighth of a Class A ordinary share upon business combination completion.
Trading commenced on July 30, 2025 on the Nasdaq Capital Market under "APADU". The Class A ordinary shares and rights will later trade separately under "APAD" and "APADR". Cohen & Company Capital Markets served as the sole book-runner, with a 45-day option to purchase up to 3 million additional units to cover over-allotments.
A Paradise Acquisition Corp. (Nasdaq: APADU), una società di acquisizione a scopo speciale, ha completato con successo la sua offerta pubblica iniziale da 200 milioni di dollari. La società ha venduto 20 milioni di unità a 10,00 dollari ciascuna, con ogni unità composta da un'azione ordinaria di Classe A e un diritto a ricevere un ottavo di azione ordinaria di Classe A al completamento della combinazione aziendale.
Il trading è iniziato il 30 luglio 2025 sul Nasdaq Capital Market con il simbolo "APADU". Le azioni ordinarie di Classe A e i diritti saranno successivamente negoziati separatamente con i simboli "APAD" e "APADR". Cohen & Company Capital Markets ha agito come unico bookrunner, con un'opzione di 45 giorni per acquistare fino a 3 milioni di unità aggiuntive per coprire le sovrassegnazioni.
A Paradise Acquisition Corp. (Nasdaq: APADU), una compañía de cheque en blanco, ha completado con éxito su oferta pública inicial de 200 millones de dólares. La compañía vendió 20 millones de unidades a 10,00 dólares por unidad, cada unidad compuesta por una acción ordinaria Clase A y un derecho a recibir una octava parte de una acción ordinaria Clase A tras la finalización de la combinación empresarial.
La cotización comenzó el 30 de julio de 2025 en el Nasdaq Capital Market bajo el símbolo "APADU". Las acciones ordinarias Clase A y los derechos se negociarán posteriormente por separado bajo los símbolos "APAD" y "APADR". Cohen & Company Capital Markets actuó como único colocador, con una opción de 45 días para comprar hasta 3 millones de unidades adicionales para cubrir sobresuscripciones.
A Paradise Acquisition Corp. (나스닥: APADU)는 스팩(SPAC) 회사로서 2억 달러 규모의 기업공개(IPO)를 성공적으로 마무리했습니다. 회사는 단위당 10.00달러에 2,000만 단위를 판매했으며, 각 단위는 클래스 A 보통주 1주와 사업 결합 완료 시 클래스 A 보통주의 1/8주를 받을 권리 1개로 구성되어 있습니다.
거래는 2025년 7월 30일 나스닥 캐피털 마켓에서 "APADU"라는 심볼로 시작되었습니다. 클래스 A 보통주와 권리는 이후 각각 "APAD"와 "APADR"로 별도 거래될 예정입니다. Cohen & Company Capital Markets가 단독 주관사로 참여했으며, 45일간 최대 300만 단위 추가 매입 옵션을 보유해 초과 배정을 커버할 수 있습니다.
A Paradise Acquisition Corp. (Nasdaq : APADU), une société d'acquisition à vocation spécifique, a réussi son introduction en bourse initiale de 200 millions de dollars. La société a vendu 20 millions d'unités à 10,00 dollars l'unité, chaque unité comprenant une action ordinaire de classe A et un droit de recevoir un huitième d'action ordinaire de classe A à la réalisation de la combinaison d'affaires.
Les négociations ont débuté le 30 juillet 2025 sur le Nasdaq Capital Market sous le symbole "APADU". Les actions ordinaires de classe A et les droits seront ensuite négociés séparément sous les symboles "APAD" et "APADR". Cohen & Company Capital Markets a agi en tant que teneur de livre unique, avec une option de 45 jours pour acheter jusqu'à 3 millions d'unités supplémentaires afin de couvrir les surallocations.
A Paradise Acquisition Corp. (Nasdaq: APADU), eine Blankoscheckgesellschaft, hat erfolgreich ihren 200 Millionen US-Dollar Börsengang abgeschlossen. Das Unternehmen verkaufte 20 Millionen Einheiten zu je 10,00 US-Dollar, wobei jede Einheit aus einer Stammaktie der Klasse A und einem Recht besteht, nach Abschluss der Unternehmenszusammenführung ein Achtel einer Stammaktie der Klasse A zu erhalten.
Der Handel begann am 30. Juli 2025 am Nasdaq Capital Market unter dem Symbol "APADU". Die Stammaktien der Klasse A und die Bezugsrechte werden später separat unter den Symbolen "APAD" und "APADR" gehandelt. Cohen & Company Capital Markets fungierte als alleiniger Bookrunner mit einer 45-tägigen Option zum Kauf von bis zu 3 Millionen zusätzlichen Einheiten zur Deckung von Überzeichnungen.
- Successfully raised $200 million through IPO
- Trading commenced on major exchange (Nasdaq)
- 45-day over-allotment option for additional $30 million
- Each unit includes rights offering potential additional value upon business combination
- No specific target business identified yet
- SPAC investments carry inherent risks of dilution
- Time-limited structure requires completing acquisition within specified period
Insights
A Paradise Acquisition Corp. successfully raised $200M in its SPAC IPO, creating a new vehicle for potential future business combinations.
A Paradise Acquisition Corp. has successfully completed its $200 million initial public offering, selling 20 million units at $10.00 each. This represents a standard SPAC structure, where each unit consists of one Class A ordinary share and one right that converts to 1/8 of a share upon business combination completion.
The SPAC structure gives A Paradise flexibility to target merger opportunities across various sectors, though the company hasn't specified any particular industry focus. Given its incorporation in the British Virgin Islands and Hong Kong presence, we might anticipate targets in Asian markets, though this remains speculative without explicit disclosure.
The underwriter (Cohen & Company Capital Markets) holds a 45-day option to purchase up to 3 million additional units, potentially expanding the offering by $30 million if fully exercised. This over-allotment provision is fairly standard for SPAC offerings and indicates confidence in potential market demand.
While the SPAC market has cooled significantly since its 2020-2021 peak, this substantial raise suggests continued investor appetite for vehicles that provide public investors access to private company acquisitions. The success of this SPAC will ultimately depend on management's ability to identify and execute a value-creating business combination within the typical 18-24 month timeframe before facing potential liquidation.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC acted as the sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any.
A registration statement on Form S-1 (File No. 333-287505) (the "Registration Statement") relating to the securities to be sold in the initial public offering, as amended, was declared effective by the
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About A Paradise Acquisition Corp.
A Paradise Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. A Paradise Acquisition Corp. intends to focus on businesses in the leisure and entertainment sector.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE A Paradise Acquisition Corp.
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