A Paradise Acquisition Corp. announced that holders of the units sold in its initial public offering can now separately trade the Class A ordinary shares and rights starting from August 27, 2025.
Fractional rights will not be issued upon separation, only whole rights will trade on Nasdaq Global Market under symbols "APAD" and "APADR".
Units that remain undivided will continue to trade under the symbol "APADU" on Nasdaq Global Market.
Separate Trading Initiated
Holders can elect to trade Class A ordinary shares and rights separately starting August 27, 2025.
Symbol Change
Separated Class A ordinary shares and rights will trade under symbols "APAD" and "APADR" on Nasdaq Global Market.
Transfer Process
Brokers need to contact Continental Stock Transfer & Trust Company to separate units into shares and rights.
- The separate trading option provides flexibility to investors who may have different preferences for trading the units.
- The symbol change for the Class A ordinary shares and rights enhances market visibility and distinguishes the securities clearly.
The announcement of separate trading for Class A ordinary shares and rights reflects A Paradise Acquisition Corp.'s commitment to providing liquidity options to its shareholders and enhancing market efficiency.