A Paradise Acquisition, a blank check company targeting leisure and entertainment, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-eighth of a share upon the completion of an initial business combination.
A Paradise Acquisition is led by CEO, CFO, and Chairman Claudius Tsang. Tsang was previously CEO and Chairman of Model Performance Acquisition from 2021 until its 2023 combination with Chinese video and anime brand MultiMetaVerse (formerly Nasdaq: MMV). He also held various roles at Templeton from 2008 to 2020. A Paradise Acquisition plans to target the leisure and entertainment sector.
A Paradise Acquisition plans to list on the Nasdaq under the symbol APADU. Cohen & Company Securities acted as sole bookrunner on the deal.
