Highbridge Capital Management filed a Schedule 13G disclosing beneficial ownership in Enhanced Group Inc. The filing states Highbridge may be deemed to beneficially own 1,722,744 Class A Ordinary Shares, representing 8.4% of the Class A Ordinary Shares outstanding as of March 31, 2026. The outstanding share base cited is 20,600,000 Class A Ordinary Shares as of February 9, 2026, per the issuer's 2025 Form 10-K. The statement notes holdings were directly held by Highbridge-managed funds and is presented as ownership information under Schedule 13G.
Positive
None.
Negative
None.
Insights
Highbridge reports a sizable passive position in Enhanced Group, visible as an 8.4% stake.
Highbridge's filing identifies 1,722,744 shares and cites an outstanding base of 20,600,000 Class A Ordinary Shares as of February 9, 2026. The position is reported as held by Highbridge-managed funds and framed under Schedule 13G disclosure conventions.
The filing is informational: it documents reported beneficial ownership without indicating active control. Subsequent filings or voting power disclosures would be needed to change the governance picture; cash-flow treatment is not stated in the excerpt.
Key Figures
Reported shares beneficially owned:1,722,744 sharesPercent of class:8.4%Shares outstanding cited:20,600,000 Class A Ordinary Shares+2 more
5 metrics
Reported shares beneficially owned1,722,744 sharesas of March 31, 2026
Percent of class8.4%calculated using 20,600,000 Class A shares outstanding
Shares outstanding cited20,600,000 Class A Ordinary Sharesas of February 9, 2026 (2025 Form 10-K)
CUSIP29333R107Class A Common Stock, par value $0.0001
Filing signature date05/15/2026signature by Kirk Rule, Executive Director
Key Terms
Schedule 13G, beneficially own, Class A Ordinary Shares
3 terms
Schedule 13Gregulatory
"This statement is filed by Highbridge Capital Management, LLC"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownregulatory
"may have been deemed to beneficially own 1,722,744 Class A Ordinary Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Class A Ordinary Sharesfinancial
"aggregate of 20,600,000 Class A ordinary shares outstanding"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Enhanced Group Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
29333R107
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
29333R107
1
Names of Reporting Persons
Highbridge Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: The information set forth on this cover page reflects information as of the date hereof. As of March 31, 2026, the Reporting Person may have been deemed to beneficially own 1,722,744 Class A Ordinary Shares (as defined in Item 4(a)), representing 8.4% of the Class A Ordinary Shares outstanding as of such date.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Enhanced Group Inc.
(b)
Address of issuer's principal executive offices:
169 Madison Avenue, Suite 15101, New York, NY 10016
Item 2.
(a)
Name of person filing:
This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of Enhanced Group Inc., a Texas corporation (f/k/a A Paradise Acquisition Corp., a British Virgin Islands business company with limited liability) (the "Issuer"), that were directly held by the Highbridge Funds.
The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person was, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of the Reporting Person is 390 Madison Avenue, 28th Floor, New York, NY 10017.
(c)
Citizenship:
Highbridge is a Delaware limited liability company.
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
29333R107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference.
The percentage set forth in this Schedule 13G as of March 31, 2026, is calculated based upon an aggregate of 20,600,000 Class A ordinary shares, no par value ("Class A Ordinary Shares") of the Issuer, outstanding as of February 9, 2026, as reported in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 9, 2026.
(b)
Percent of class:
0%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Highbridge Capital report in Enhanced Group (APAD)?
Highbridge reports beneficial ownership of 1,722,744 Class A Ordinary Shares, equal to 8.4% of Class A shares as of March 31, 2026. The filing attributes the shares to Highbridge-managed funds that directly held the securities.
How many Class A shares outstanding does the filing cite for APAD?
The filing references an outstanding base of 20,600,000 Class A Ordinary Shares as of February 9, 2026, drawn from the issuer's 2025 Annual Report on Form 10-K filed February 9, 2026. That figure is used to calculate the 8.4% stake.
Did Highbridge report voting or dispositive power over the APAD shares?
The cover-page fields show zero sole voting and dispositive power and zero shared voting and dispositive power in the incorporated cover-page rows. The filing emphasizes holdings were held directly by Highbridge funds.
What type of SEC filing is this and why was it made?
This is a Schedule 13G filing, used to disclose passive beneficial ownership. The Reporting Person identifies itself as the investment adviser to funds holding the shares and provides ownership figures as required under Section 13 disclosure rules.
What CUSIP and share class are referenced in the filing?
The filing references Class A Common Stock, par value $0.0001 per share with CUSIP 29333R107. The reporting language uses the term Class A Ordinary Shares when citing the outstanding share base.
