---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-115206"
form_type: "8-K"
ticker: "APAD"
cik: "0001956439"
company_name: "Enhanced Group Inc."
filed_at: "2025-11-26T23:59:59+00:00"
generated_at: "2026-05-16T16:39:10.079368+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-115206
- form_type: 8-K
- ticker: APAD
- cik: 0001956439
- company_name: Enhanced Group Inc.
- filed_at: 2025-11-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1956439/000121390025115206/0001213900-25-115206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1956439/000121390025115206/ea0267386-8k425_aparadise.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-115206
- JSON: https://secwatch.observer/filing/0001213900-25-115206.json
- Plain text: https://secwatch.observer/filing/0001213900-25-115206.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.