A Paradise Acquisition Corp. Reports No Revenues, Continues Search for Business Combination; Expects Non-Operating Income from Interest on Marketable Securities

Reuters
Sep 13
A Paradise Acquisition Corp. Reports No Revenues, Continues Search for Business Combination; Expects Non-Operating Income from Interest on Marketable Securities

A Paradise Acquisition Corp. $(APAD)$ reported its financial results for the quarter ending June 30, 2025. The company, since its inception on November 9, 2022, has not engaged in any operations or generated any revenues. The activities for this period were limited to organizational processes, the Initial Public Offering $(IPO)$, and identifying a target company for a potential business combination. As a result, no net income or profit figures were available, consistent with the company's expectation of not generating operating revenues until a business combination is completed. APAD anticipates earning non-operating income through interest on marketable securities within its Trust Account. The company also expects to incur expenses related to being a public entity, including costs for legal, financial reporting, accounting, and auditing compliance, along with due diligence costs linked to its search for a business combination. The management reiterated that no significant impact from recently issued accounting standards is expected on the unaudited condensed financial statements. The company's outlook remains focused on completing a business combination and generating revenue post-completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. A Paradise Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-087285), on September 12, 2025, and is solely responsible for the information contained therein.

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