secwatch.observer — SEC 8-K summary
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Issuer:     Enhanced Group Inc. (APAD)
CIK:        0001956439
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001628280-26-032558
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 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
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1956439/000162828026032558/0001628280-26-032558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1956439/000162828026032558/apadu-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-032558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer