A Paradise Acquisition Corp. to merge with Enhanced Ltd.; post-merger entity renamed Enhanced Group Inc.

Enhanced Group Inc.

Enhanced's pre-money valuation cap set at $1.2B under SAFE financing executed immediately before signing.
Sponsor (A SPAC IV Holdings) receives put/call options on its shares; Apeiron pays $5.5M deposit (generally non-refundable).
Closing condition requires at least $40M in private placement proceeds to Enhanced.
Post-closing, Apeiron-designated Class B holders will hold at least 95% voting power of surviving company.
A Paradise shareholders will vote on domestication from BVI to Texas and business combination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Enhanced Group Inc. entered into Business Combination Agreement with A Paradise Merger Sub I, Inc., Enhanced Ltd (effective 2025-11-26).

Action: entry
Agreement: merger
Counterparty: A Paradise Merger Sub I, Inc., Enhanced Ltd
Effective: 2025-11-26

Exact text from the filing

On November 26, 2025, A Paradise entered into a Business Combination Agreement (the “Business Combination Agreement”) with A Paradise Merger Sub I, Inc., a Cayman Islands exempted company and a direct wholly owned subsidiary of A Paradise (“Merger Sub”), and Enhanced Ltd, a Cayman Islands exempted company with limited liability (“Enhanced”).

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281 material agreements filed in the last 30 days. Browse all material agreements →

Enhanced Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-115724

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