A Paradise Acquisition Corp. Announces Proposed Merger with Enhanced Ltd
A Paradise Acquisition Corp. has provided an update regarding its proposed transaction with Enhanced Ltd. As part of the process, Apeiron Investment Group Limited and the Sponsor, A SPAC IV (Holdings) Corp., have entered into a Sponsor Equity Agreement. This agreement grants both parties options to purchase up to 100% of the Sponsor's equity securities in the surviving company, contingent upon the closing of the business combination. Apeiron is also required to pay a generally non-refundable deposit of $5.5 million to the Sponsor. Additionally, Apeiron has entered into a Participation Agreement with BBG Beteiligungen GmbH, allowing BBG to participate in 33.33% of the economics of the transactions under the Sponsor Equity Agreement, including the funding of the deposit.
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