A Paradise Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing August 27, 2025
Rhea-AI Summary
A Paradise Acquisition Corp. (Nasdaq: APADU) announced that starting August 27, 2025, holders of units from its initial public offering can separately trade the company's Class A ordinary shares and rights. The separated securities will trade on the Nasdaq Global Market under the symbols "APAD" (Class A shares) and "APADR" (rights).
Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The company's registration statement (Form S-1) was previously declared effective by the SEC on July 29, 2025. The offering prospectus is available through Cohen & Company Capital Markets or the SEC's website.
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News Market Reaction
On the day this news was published, APADU declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
No fractional rights will be issued upon separation of the units and only whole rights will trade. The Class A ordinary shares and rights that are separated will trade on The Nasdaq Global Market under the symbols "APAD" and "APADR," respectively. Those units not separated will continue to trade on The Nasdaq Global Market under the symbol "APADU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and rights.
A registration statement on Form S-1 (File No. 333-287505) (the "Registration Statement") relating to the securities 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 press release, except as required by law.
View original content:https://www.prnewswire.com/news-releases/a-paradise-acquisition-corp-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-rights-commencing-august-27-2025-302536562.html
SOURCE A Paradise Acquisition Corp.
FAQ
When will A Paradise Acquisition Corp's (APADU) Class A shares and rights begin trading separately?
What are the new trading symbols for A Paradise Acquisition Corp's separated securities?
How can APADU unit holders separate their units into Class A shares and rights?
When was A Paradise Acquisition Corp's registration statement declared effective by the SEC?
Where can investors obtain the prospectus for A Paradise Acquisition Corp's offering?
