Welcome to our dedicated page for Enhanced Group SEC filings (Ticker: ENHA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The ENHA SEC filings page on Stock Titan is designed to organize regulatory documents associated with Enhanced Group Inc. in connection with its proposed business combination with A Paradise Acquisition Corp. and anticipated Nasdaq listing under the ticker ENHA. While no filings are yet available under this symbol, future documents are expected to be filed with the U.S. Securities and Exchange Commission as the transaction progresses.
For a company like Enhanced, which is building a sports and performance medicine platform around the Enhanced Games, key filings are expected to include a registration statement on Form S-4 containing a proxy statement/prospectus for A Paradise shareholders. That document is intended to describe the terms of the business combination, the structure of the combined company, risk factors, and detailed information about Enhanced’s business model, including its live events, telehealth and direct-to-consumer offerings, brand partnerships, and media and broadcasting rights.
Once ENHA-related filings become available, this page will surface them in real time as they are posted to the SEC’s EDGAR system. Users will be able to review annual and quarterly reports, if and when they are filed, as well as current reports and other registration materials that describe developments in Enhanced’s operations, capital structure, and governance following the business combination.
Stock Titan’s platform enhances these documents with AI-powered summaries that explain the main points of lengthy filings in accessible language. This can be particularly useful for understanding complex transaction disclosures, performance medicine and telehealth business descriptions, and risk discussions. As ENHA’s regulatory history develops, this page will provide a structured view of the company’s filings, along with tools to quickly identify insider-related forms and other material updates.
Enhanced Group Inc., a newly public sports entertainment and health platform, completed its SPAC business combination with A Paradise Acquisition Corp. on May 7, 2026 and now trades on the NYSE as ENHA. The transaction was accounted for as a reverse recapitalization, with Enhanced treated as the accounting acquirer. Heavy SPAC redemptions left about $3.0 million of trust cash for the company, while approximately $40.0 million of SAFEs and $26.9 million of preferred stock converted into common equity.
For the six months ended June 30, 2026, Enhanced generated its first significant revenue of $17.7 million, almost entirely from two sponsorship agreements tied to its inaugural Enhanced Games event, much of it in non-cash consideration such as advertising inventory and equity securities. Direct-to-consumer wellness revenue from the Live Enhanced platform, which fully launched in May 2026, remained immaterial. Operating expenses grew sharply to $96.2 million, driven by games, athlete and event costs, selling, general and administrative spending, and $12.5 million of transaction expenses, resulting in a net loss of $78.4 million.
Cash and cash equivalents were $19.6 million at June 30, 2026, with total assets of $45.4 million. Accounts payable and accrued expenses rose to $40.1 million, including substantial games-related obligations, and total liabilities were $42.3 million. Management concluded there is substantial doubt about the company’s ability to continue as a going concern over the next twelve months absent additional financing. To bolster liquidity, Enhanced entered into a $50.0 million three-tranche private placement at $3.89 per share plus warrants; Tranche 1 closed in June 2026 for $25.0 million, Tranche 2 closed in July for $11.7 million, and Tranche 3 is expected to add about $13.3 million. The company has a dual-class structure, with 128.97 million Class A shares and 258.84 million non-economic, high-vote Class B shares outstanding, concentrating voting control with Apeiron and certain insiders.
Enhanced Group Inc. (formerly A Paradise Acquisition Corp.) received an updated Schedule 13G/A from Glazer Capital, LLC and its managing member, Paul J. Glazer. The filing states that, as of the reported date, the reporting persons beneficially own 0 shares of Class A Common Stock and 0% of the class.
They report no sole or shared voting power and no sole or shared dispositive power over any shares. The document also notes that the filing should not be construed as an admission that either Glazer Capital or Mr. Glazer is a beneficial owner for Section 13 purposes.
Enhanced Group Inc. reported its first quarter as a public company for the three months ended June 30, 2026, posting revenue of $17.7 million, primarily from sponsorships tied to the inaugural Enhanced Games. It secured approximately $32 million of sponsorship contract value, much of which will be recognized over future periods as performance obligations are met.
The company recorded a net loss of $61.9 million and an Adjusted EBITDA loss of $42.7 million, reflecting heavy spending on the inaugural Games, transaction costs from the de‑SPAC merger, and higher public-company and platform-launch expenses. For the six months ended June 30, 2026, cash used in operating activities was $44.0 million, leaving cash and cash equivalents of $19.6 million at quarter-end.
To support liquidity, Enhanced completed a $50 million PIPE financing, with an additional $3.3 million from tranche two received and $13.3 million from tranche three expected around August 14, 2026. Management highlights significant brand and audience traction from the Enhanced Games and related media, and continues to develop its Live Enhanced performance medicine platform while exploring strategic M&A and partnerships.
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC report that they beneficially own 0.00 Class A ordinary shares of Enhanced Group Inc., representing 0.0% of the class, with no sole or shared voting or dispositive power.
The disclosure is made jointly under a Joint Filing Agreement, and identifies GS Group as a parent holding company and Goldman Sachs & Co. LLC as a broker-dealer and registered investment adviser. The Goldman Sachs reporting units also disclaim beneficial ownership of securities held in certain client accounts and investment entities where interests are held by others.
Enhanced Group Inc. has filed a prospectus for a secondary resale of up to 6,426,733 shares of Class A common stock and 6,426,733 PIPE Warrant Shares issued in a June 2026 private placement. The selling securityholders may sell these shares from time to time; the company will not receive proceeds from such resales.
The June 14, 2026 private placement covers 12,853,468 shares and accompanying PIPE warrants for approximately $50.0 million in expected gross proceeds across three closings. The First Closing on June 17, 2026 raised about $25.0 million, part of which funded repayment of an $11.75 million working capital note.
The PIPE Warrants are immediately exercisable at $3.89 per share, with anti-dilution adjustments and potential warrant-share increases, and may expire early if the stock trades at or above $20.00 for 20 consecutive trading days. As of June 30, 2026, cash and cash equivalents were $19.6 million, and management reports substantial doubt about the company’s ability to continue as a going concern without additional financing, including completion of the contingent Third Closing.
Apeiron Investment Group Ltd. reported acquisition or exercise transactions in this Form 4 filing.
Apeiron Investment Group Ltd., as nominee for Enhanced Holdings LP, received 3,020,565 shares of Enhanced Group Inc. Class A Common Stock and 3,020,565 Warrants in the first tranche of a private placement at a combined purchase price of $3.89 per share and Warrant. The Warrants have a five-year term and may be accelerated if the stock trades at or above $20 for twenty consecutive trading days. After this issuance, entities associated with Christian Angermayer indirectly hold 32,712,812 Class A shares; he may be deemed to share beneficial ownership but disclaims it except for his pecuniary interest.
Apeiron Investment Group Ltd., Enhanced Holdings and Christian Angermayer report beneficial ownership of 35,945,876 shares of Enhanced Group Inc. Class A Common Stock, representing 26.6% of the class, including 32,712,812 shares and 3,233,064 shares underlying currently exercisable warrants, based on 131,677,754 shares outstanding.
On July 22, 2026, the first tranche of a previously disclosed Purchase Agreement closed, through which Apeiron received 3,020,565 Class A shares and accompanying warrants. The securities are held of record by Apeiron as nominee for Enhanced Holdings LP, with Angermayer able to share voting and dispositive power through affiliated entities while disclaiming beneficial ownership.
Enhanced Group Inc. is registering for resale by selling securityholders up to 6,426,733 shares of Class A common stock and up to 6,426,733 additional shares issuable upon exercise of outstanding PIPE Warrants. The company will not receive proceeds from these resales, but may receive cash if the PIPE Warrants, which currently carry a $3.89 per share exercise price subject to an Anti-Dilution Adjustment, are exercised for cash.
The resale shares stem from a June 2026 private placement of 12,853,468 shares of Class A common stock and accompanying warrants for approximately $50.0 million in expected gross proceeds, structured in three closings. The First Closing on June 17, 2026 generated about $25.0 million, part of which repaid an $11.75 million working capital note to Apeiron; a Second Closing for 3,020,565 shares and warrants is occurring in July 2026, while a Third Closing for 3,406,170 shares and warrants, tied to stockholder consent, remains pending.
Enhanced Group, a Texas-based growth-stage sports entertainment and performance technology company, operates the "Enhanced Games" and the "Live Enhanced" subscription wellness platform and became public via a reverse recapitalization with A Paradise, with its Class A common stock trading on NYSE under “ENHA.” Apeiron and affiliates hold more than 50% of voting power, making the company a NYSE “controlled company” and it also qualifies as an emerging growth and smaller reporting company. As of June 30, 2026, cash and cash equivalents were $19.6 million, and management discloses substantial doubt about the company’s ability to continue as a going concern without additional capital, including completion of the Third Closing, while significant warrant overhang and anti-dilution features may increase future dilution and resale pressure.
Enhanced Group Inc. obtained majority shareholder written consent to approve a private placement of 12,853,468 Class A shares together with 12,853,468 common warrants under a Securities Purchase Agreement. The combined purchase price is $3.89 per share and warrant, matching the NYSE closing price on June 12, 2026, for expected gross proceeds of about $50.0 million before fees.
The third and final tranche, representing approximately $13.25 million, will close after the 20‑day information statement waiting period and other conditions. Warrants are exercisable at $3.89 per share for up to five years, with price‑based acceleration and 24‑month anti‑dilution protection. Proceeds are or will be used to repay an approximately $11.75 million working capital note to Apeiron, with the note then terminated, and for working capital and growth of ENHA’s telehealth and consumer health platform.
Enhanced Holdings LP, through Apeiron, holds about 96.6% of voting power and gave the written consent, so no shareholder vote or meeting is required. Apeiron is investing approximately $20.0 million, and CEO Maximilian Martin is investing approximately $5.0 million, both on NYSE‑approved related‑party terms. Existing Class A holders will experience ownership and voting dilution if all shares and warrants are issued and exercised.