Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 251

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 251
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. Ltd and its affiliates, a hotel prop -techoperator. In the event that JVSA is unable to consummate the business combination with HOTEL 101 and needs to identify a target business, Mr. Tsang has a pre -existingfiduciary obligation to present potential target businesses to JVSA, and will therefore present any potential target businesses to it prior to presenting them to us. Mr. Claudius Tsang is also the Chief Executive Officer, Chief Financial Officer and Chairman of A SPAC III Acquisition Corp. (“ASPC”), a special purpose acquisition company that is in search of business combination targets. Because ASPC has not identified a target business, Mr. Tsang has a pre -existingfiduciary obligation to present potential business targets to ASPC and will therefore present any potential target businesses to it prior to presenting them to us. Our amended and restated memorandum and articles of association provide that, to the fullest extent permitted by law: (i) no individual serving as a director or an officer, among other persons, shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may be a corporate opportunity for any director or officer, on the one hand, and us, on the other or (b) the presentation of which would breach an existing legal obligation of a director or officer to any other entity. As a result, the fiduciary duties or contractual obligations of our officers or directors could materially affect our ability to complete our initial business combination. In addition, our sponsor, officers and directors are, and may sponsor or form or become sponsors, officers or directors of other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they are involved or may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target, which could materially affect our ability to complete our initial business combination. On or prior to the date of this prospectus, we will file a Registration Statement on Form 8 -Awith the SEC to voluntarily register our