Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 31

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 31
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 targets within ASPC’s initial industry target. For example, some leisure and entertainment targets may have an ESG mandate, which could potentially create a conflict of interest. Moreover, both ASPC and our company may consider opportunities outside of the initial focus industry, further increasing the potential for conflicts. Mr. Tsang has a pre -existingfiduciary obligation to present potential target businesses to ASPC, and will therefore present any potential target businesses to it prior to presenting them to us. Mr. Tsang previously served as the Director and Chief Executive Officer of A SPAC (HK) Acquisition Corp, a SPAC incorporated for the purposes of effecting a business combination, from February 2022 and March 2022, respectively. A SPAC (HK) Acquisition Corp has discontinued its listing process and dissolved in February 2025. We expect to encounter intense competition from other entities having a business objective similar to ours, including private investors (which may be individuals or investment partnerships), other SPACs and other entities, domestic and international, competing for the types of businesses we intend to acquire. Many of these individuals and entities are well -establishedand have extensive experience in identifying and effecting, directly or indirectly, acquisitions of companies operating in or providing services to various industries. Such competition may reduce the number of potential acquisition targets available to us and negatively impact the acquisition terms that we are able to negotiate. For additional information, see “ Risk Factors — Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public shareholders may receive only their pro rata portion of the fund in the trust account that are available for distribution to public shareholders and our rights will expire worthless.” on page 62. Our Management Team Mr. Claudius Tsanghas served as our Chief Executive Officer, Chief Financial Officer and Chairman since November 2022. Mr. Tsang has over 20 years of experience in capital markets, with a strong track record of success in private equity, M&A transactions, and PIPE investments. Since 2022, Mr. Tsang has been the non -executivedirector of Unity Group Holdings International Limited (SEHK:1539), a publicly listed investment company 4 engages in the leasing and trading of energy -savingproducts in Hong Kong. In 2022, Unity Group faced financial challenges and implemented a scheme of arrangement to restructure its debt. Following a series of restructuring actions