Company: APAD
Filing Date: 2025-12-02
Form Type: 425
Source: 0001213900-25-117253
Chunk: 1

Company: AParadise Acquisition Corp.
Filing Date: 2025-12-02
Form: 425
Chunk 1
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

A Paradise Acquisition Corp. is a blank check company incorporated as a British Virgin Islands business company with limited liability and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (“ A Paradise”).

As previously disclosed, November 26, 2025, Apeiron Investment Group Limited (“ Apeiron”) and A SPAC IV (Holdings) Corp. (the “ Sponsor”) entered into a sponsor equity agreement (the “ Sponsor Equity Agreement”), dated as of November 26, 2025. Pursuant to the Sponsor Equity Agreement, subject to the closing of the transactions contemplated by that certain Business Combination Agreement, dated as of November 26, 2025, by and among A Paradise, A Paradise Merger Sub I, Inc. and Enhanced Ltd (the “ Business Combination Agreement”), (i) Apeiron granted the Sponsor an option to require Apeiron to purchase up to 100% of, and the Sponsor granted Apeiron an option to purchase up to 100% (and not less than 78%) of, the equity securities then held by the Sponsor in the surviving company (the “ Sponsor Securities”), in each case in accordance with the terms and conditions set forth therein, (ii) Apeiron is required to pay the Sponsor a deposit of $5,500,000, which is generally non-refundable and (iii) the parties to the Sponsor Equity Agreement agreed to certain termination fee arrangements.

In connection with its entry into the Sponsor Equity Agreement, on November 26, 2025, Apeiron entered into a Participation Agreement (the “ Participation Agreement”) with BBG Beteiligungen GmbH (“ BBG”), an affiliate of Enhanced’s financial advisor in connection with the transactions contemplated by the Business Combination Agreement, pursuant to which BBG agreed to participate in