A Paradise Acquisition Corp. closes $200M IPO; trust funded; going concern risk flagged

Enhanced Group Inc.

IPO of 20M units at $10/unit closed July 31, 2025, gross proceeds $200M.
Simultaneous private placement of 600K units to sponsor and underwriter for $6M.
$200M deposited into trust account; deferred underwriting fee of $8M recorded.
Audited balance sheet shows accumulated deficit of $6.975M; working capital deficit of ~$1.025M.
Auditor notes substantial doubt about going concern; Company must complete business combination by July 31, 2027.

item 8.01item 9.01

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