Company: APAD
Filing Date: 2025-11-28
Form Type: 425
Source: 0001213900-25-115733
Chunk: 2

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-28
Form: 425
Chunk 2
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 (together   
 with the First Merger, the “Mergers”); and                                                                                                |

| ● | (ii) as a result of the Mergers, among other things, all outstanding shares of common stock (inclusive of shares of converted preferred   
 stock and issuable in respect of the SAFE financing described below) of Enhanced immediately prior to the effective time of the First     
 Merger will be cancelled in exchange for the right to receive, except with respect to (i) any shares of common stock of Enhanced subject  
 to options or consultant awards, (ii) any shares of common stock of Enhanced held in the treasury of Enhanced, which treasury shares will 
 be cancelled as part of the First Merger, and (iii) any shares of common stock of Enhanced held by shareholders who have perfected and    
 not withdrawn a demand for appraisal rights pursuant to the applicable provisions of the Cayman Companies Act, a number of shares of A    
 Paradise Domesticated Class A Common Stock (as defined below), as adjusted in accordance with the Business Combination Agreement and as   
 further described therein. In addition, at the First Merger, certain holders designated by Apeiron Investment Group Limited (the “Class   
 B Holders”) will be issued a number of shares of A Paradise Class B Common Stock such that, immediately after the Closing, the Class      
 B Holders will have at least 95% of the voting power of the capital stock of the surviving corporation on a fully-diluted basis.          |

The Board of Directors of A Paradise (the “Board”) has
unanimously (i) approved and declared advisable the Business Combination Agreement, the Business Combination and the other transactions
contemplated thereby and (ii) resolved to recommend approval of the Business Combination Agreement and related matters by the shareholders
of A Paradise.

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The Acquiror Domestication

Prior to the Closing, subject to the approval of A Paradise’s
shareholders, and in accordance with the TBOC, the BVI Business Companies Act, 2004 (the “BVI Act”), and A Paradise’s
memorandum and articles of association, A Paradise will effect a deregistration under the BVI Act and a domestication under the TBOC (by
means of filing a certificate of conversion and certificate of formation with the Secretary of State of the State of Texas), pursuant
to which A Paradise’s jurisdiction of incorporation will be changed from the British Virgin Islands to the State of Texas (the “