Enhanced Ltd to merge with SPAC A Paradise at $1.2B enterprise value; expects up to $200M proceeds

Enhanced Group Inc.

Enterprise value of $1.2B; up to $200M gross cash proceeds from A Paradise trust, assuming no redemptions.
Enhanced Ltd closed $40M SAFE private placement prior to signing, convertible into public company shares.
Combined company to list on Nasdaq as Enhanced Group Inc. under ticker ENHA; closing expected by H1 2026.
Inaugural Enhanced Games scheduled for May 24, 2026, in Las Vegas; athletes include Fred Kerley, Ben Proud.
Existing Enhanced shareholders to hold ~81% ownership; both boards unanimously approved.

item 8.01 item 9.01

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accession 0001213900-25-115206

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