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Enhanced Group Inc (Nasdaq: ENHA) agreed to combine with SPAC A Paradise Acquisition Corp. (NASDAQ: APAD) to list on Nasdaq, valuing Enhanced at an enterprise value of $1.2 billion.
The transaction is expected to provide up to $200 million in gross cash proceeds at closing assuming no redemptions and follows a $40 million SAFE private placement closed immediately prior to the agreement. The business combination is expected to close in H1 2026, subject to regulatory and shareholder approvals.
Enhanced plans its inaugural Enhanced Games on May 24, 2026 in Las Vegas and aims to monetize via live events, media rights, brand partnerships and a Q1 2026 direct-to-consumer/telehealth product launch.