Company: APAD
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001213900-25-046705
Chunk: 330

Company: AParadise Acquisition Corp.
Filing Date: 2025-05-22
Form: S-1
Chunk 330
---
 2024, JVSPAC announced that it had entered into an agreement and plan of merger with Hotel101 Global Pte. Ltd and its affiliates (“HOTEL101”), a hotel prop -techoperator. In the event that JVSPAC is unable to consummate the business combination with HOTEL101 and needs to identify a target business, Mr. Tsang has a pre -existingfiduciary obligation to present potential target businesses to JVSPAC, and will therefore present any potential target businesses to it prior to presenting them to us. In September 2021, Mr. Claudius Tsang was a member of the founding team of A SPAC III Acquisition Corp. (“ASPC”), a SPAC incorporated for the purposes of effecting a business combination. Mr. Tsang has served as the Chief Executive Officer since September 2021, and as Chief Financial Officer and Chairman since July 2024 of ASPC. Because ASPC is expected to be listed before us and 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. In the event that we submit our initial business combination to our public shareholders for a vote, our sponsor, officers and directors have agreed to vote their founder shares, and they and the other members of our management team have agreed to vote their founder shares and any shares purchased during or after the offering in favor of our initial business combination, aside from shares they may purchase in compliance with the requirements of Rule 14e -5under the Exchange Act, which would not be voted in favor of approving the business combination transaction. The non -votingsponsor investors are not required to (i) hold any units, Class A ordinary shares or public rights they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of our initial business combination. The non -votingsponsor investors will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the units they may purchase in this offering as the rights afforded to our other public shareholders. However, if the non -votingsponsor investors purchase all of the units for which they have expressed to us an interest in purchasing or otherwise hold a