A Paradise III Acquisition, a blank check company targeting leisure and entertainment, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and rights to receive one-fourth of a share.
A Paradise III Acquisition is led by CEO, CFO, and Chairman Claudius Tsang, the Executive Director of HK.AI Capital (HKEX: 1140). Tsang concurrently serves as CEO of A SPAC III Acquisition (Nasdaq: ASPC), which has a pending combination with Bioserica International. He previously served as CEO of A Paradise Acquisition through its May 2026 merger with Enhanced Group (NYSE: ENHA). Tsang also held management roles at JVSPAC Acquisition, which merged with Hotel101 Global (Nasdaq: HBNB) in 2025, and Model Performance Acquisition, which merged with MultiMetaVerse (formerly Nasdaq: MMV) in 2023.
The Hong Kong, China-based company was founded in 2026. It plans to list on the NYSE American under the symbol APCDU. A Paradise III Acquisition filed confidentially on March 17, 2026. Maxim Group LLC is the sole bookrunner on the deal.
