A Paradise II Acquisition, a blank check company targeting leisure and entertainment, filed on Monday with the SEC to raise up to $135 million in an initial public offering.
The company plans to raise $135 million by offering 13.5 million units at $10. Each unit consists of one share of common stock, and one-half warrants to purchase a share, exercisable at $11.50.
A Paradise II Acquisition is led by CEO, CFO, and Chairman Claudius Tsang. Tsang has held management roles at various SPACs. He currently is the CEO, CFO, and Chairman of A SPAC III Acqusition (ASPC; +8% from $10 offer price). He was also previously the CEO, CFO, and Chairman of A Paradise Acquisition from July 2025 until its May 2026 merger with Enhanced Group (ENHA; -66%). Tsang also held management roles at JVSPAC Acquisition, which merged with Hotel101 Global Holdings (HBNB; -46%), and Model Performance Acquisition, which merged with MultiMetaVerse (MMV; delisted). He also held various roles at Templeton from 2008 to 2020. A Paradise Acquisition II plans to target the leisure and entertainment sector.
The Hong Kong, China-based company was founded in 2026. It plans to list on the NYSE under the symbol APBDU. Cohen & Company Securities is the sole bookrunner on the deal.
