Deal closure is imminent; expect ticker change to ENHA shortly. Monitor for closing announcement and post-merger performance of Enhanced's inaugural Games on May 24.
Price Chart
Executive Summary
A Paradise Acquisition Corp. shareholders approved the business combination with Enhanced Ltd at the May 1, 2026 extraordinary general meeting. 19,615,531 shares were tendered for redemption, representing a significant majority of shares voted. The deal is expected to close shortly, with the combined company trading on the NYSE as 'ENHA'.
Key Financial Metrics
Key Facts
- Shareholders approved business combination on May 1, 2026 with 17,991,887 votes for and 3,079,716 against.
- 19,615,531 ordinary shares were tendered for redemption.
- Closing expected shortly; combined company will trade on NYSE under symbol ENHA.
- Proposals included business combination, domestication, organizational documents, director election, stock issuance, founder plan, omnibus incentive plan, and ESPP.
Financial Impact
19,615,531 shares redeemed at approximately $10.00/share (trust value) implies roughly $196 million cash outflow from trust, reducing post-merger cash position.
Risk Factors
- High redemption rate reduces trust cash available for the combined company.
- Enhanced's unproven business model, regulatory and ethical scrutiny of performance-enhancing drugs, and limited operating history.
- Risk of redemptions exceeding expectations and impairing balance sheet.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001213900-26-051640 |
| Document: ea028868901ex99-1_aparadise.htm | 0001213900-26-051640 |
| Document: 0001213900-26-051640-index-headers.html | 0001213900-26-051640 |
| Document: 0001213900-26-051640-index.html | 0001213900-26-051640 |
| Document: 0001213900-26-051640.txt | 0001213900-26-051640 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 4, 2026 25w ago | 425 | $11.96 $10.00 | ▼ −16.39% | ▼ −18.37% | No price |
May 4, 2026 25w ago | 8-K | $11.96 $10.00 | ▼ −16.39% | ▼ −18.37% | No price |
Apr 27, 2026 26w ago | 425 | $10.50 $11.96 | ▲ +13.90% | ▲ +12.21% | No price |
Apr 27, 2026 26w ago | 8-K | $10.50 $11.96 | ▲ +13.90% | ▲ +12.21% | No price |
Apr 15, 2026 27w ago | 425 | $10.78 $10.87 | ▲ +0.83% | ▼ −1.46% | No price |
Apr 14, 2026 28w ago | 425 | $10.78 $10.87 | ▲ +0.83% | ▼ −1.54% | No price |
Apr 14, 2026 28w ago | 425 | $10.78 $10.87 | ▲ +0.83% | ▼ −1.54% | No price |
US Market Status
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