Company: APAD
Filing Date: 2025-11-28
Form Type: 8-K
Source: 0001213900-25-115724
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Company: AParadise Acquisition Corp.
Filing Date: 2025-11-28
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into Material Definitive Agreement.

Business Combination Agreement

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”).
On November 26, 2025, A Paradise entered into a Business Combination Agreement (the “ Business Combination Agreement”)
with A Paradise Merger Sub I, Inc., a Cayman Islands exempted company and a direct wholly owned subsidiary of A Paradise (“ Merger
Sub”), and Enhanced Ltd, a Cayman Islands exempted company with limited liability (“ Enhanced”). Capitalized terms used
in this Current Report on Form 8-K but not otherwise defined herein have the meanings given to them in the Business Combination Agreement.

The Mergers

The Business Combination Agreement provides that, among other things
and upon the terms and subject to the conditions thereof, the following transactions will occur (together with the other agreements and
transactions contemplated by the Business Combination Agreement, the “ Business Combination”), following the Acquiror Domestication
(as defined below):

  (i) at the closing of the transactions contemplated by the Business Combination Agreement (the “ Closing”), upon the terms                 

  (ii) as a result of the Mergers, among other things, all outstanding shares of common stock (inclusive of shares of converted preferred    

The Board of Directors of A Paradise (the “ Board”) has
unanimously (i) approved and declared advisable the Business Combination Agreement, the Business Combination and the other transactions
contemplated thereby and (ii) resolved to recommend approval of the Business Combination Agreement and related matters by the shareholders
of A Paradise.

The Acquiror Domestication

Prior to the Closing, subject to the approval of A Paradise’s
shareholders, and in accordance with the TBOC, the BVI Business Companies Act, 2004 (the “ BVI Act”), and A Paradise’s
memorandum and articles of association, A Paradise will effect a deregistration under the BVI Act and a domestication under the TBOC (by
means of filing a certificate of conversion and certificate of formation with the Secretary of State of the State of Texas), pursuant
to which A Paradise’s jurisdiction of incorporation will be changed from the British Virgin Islands to the State of Texas (the “ Acquiror
Domestication”). Upon