---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-032558"
form_type: "8-K"
ticker: "APAD"
cik: "0001956439"
company_name: "Enhanced Group Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:12:54.121452+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Enhanced Group completes de-SPAC merger with Enhanced Ltd; redemptions of $201.7M

## Summary
- Business Combination closed May 7, 2026; A Paradise domesticated to Texas and merged with Enhanced Ltd.
- 19.6M shares redeemed at ~$10.28 each ($201.7M); only ~$4M remains in trust post-close.
- Post-close equity: 122.2M Class A common, 258.8M Class B common (10 votes each) plus options/warrants.
- SAFE private placement of $40M converted into 4.0M Class A shares; SAFE warrants for 2.0M shares at $10.
- Working capital note with Apeiron for up to $20M at 5% due 2027; insider lock-up extended to 12 months.

## SEC filing metadata
- accession: 0001628280-26-032558
- form_type: 8-K
- ticker: APAD
- cik: 0001956439
- company_name: Enhanced Group Inc.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 5.06, 3.02, 9.01, 4.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.05, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1956439/000162828026032558/0001628280-26-032558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1956439/000162828026032558/apadu-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-032558
- JSON: https://secwatch.observer/filing/0001628280-26-032558.json
- Plain text: https://secwatch.observer/filing/0001628280-26-032558.txt

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