Company: APAD
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001213900-25-059198
Chunk: 29

Company: AParadise Acquisition Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 29
---
 its initial public offering on February 17, 2022, generating gross proceeds of $60,000,000. On February 15, 2023, ASCA entered into a definitive agreement with NewGenIVF Limited (ticker symbol: “NIVF”), an assisted reproductive services (“ARS”) provider in Asia Pacific. The definitive agreement did not impose a minimum cash requirement. On April 3, 2024, ASCA completed its initial business combination with NewGenIVF Limited (Nasdaq: NIVF) at a valuation of $50 million. NIVF is an assisted reproductive services (“ARS”) provider in Asia Pacific. In connection with the business combination, ASCA shareholders with an aggregate shareholding of 1,862,085 ASCA Class A Ordinary Shares exercised their right to redeem for cash. NIVF and ASCA also signed a securities purchase agreement on February 29, 2024, pursuant to which NIVF has agreed to issue and sell to JAK Opportunities VI LLC (“JAK”), an aggregate of up to $3,500,000 principal amount of convertible notes, consisting of two tranches (x) an initial tranche of up to $1,750,000 and including an original issue discount of up to aggregate $122,500, and (y) subsequent tranches of an aggregate principal amount of up to $1,750,000, including an original issue discount of up to aggregate $122,500. The initial tranche raised from JAK, together with the proceeds from non -redeemingASCA shareholders, amounted to approximately US$2.5 million in gross proceeds. Upon the consummation of the business combination, ASCA changed its name to “NewGenIvf Group Limited.” (ticker symbol: “NIVF”). The shares of the combined company began trading on April 4, 2024, on Nasdaq Global Market under the new ticker symbol “NIVF”. 3 JVSA (Nasdaq: JVSA) signed a merger agreement on April 8, 2024 with Hotel101 Global Ptd. Ltd, a hotel prop -techoperator, at a valuation of $2.3 billion. Mr. Tsang also contributed to the organization of A SPAC II Acquisition Corp (Nasdaq: ASCB), which is currently seeking to effect a business combination with prospective targets in the high -growthindustries that apply cutting -edgetechnologies, such as proptech and fint