Enhanced Group Inc. Announces Business Combination, Files Audited Financials

What Happened Enhanced Group Inc. (formerly A Paradise Acquisition Corp.) filed an 8-K on August 26, 2026 to provide audited consolidated financial statements of Enhanced Ltd. for the years ended December 31, 2025 and 2024, which have been retroactively recast. On May 7, 2026 the business combination closed (A Paradise as the legal acquirer), the company domesticated in Texas and changed its name to Enhanced Group Inc.; its Class A common stock began trading on the NYSE under the ticker ENHA on May 8, 2026. For U.S. GAAP reporting the transaction was treated as a reverse recapitalization with Enhanced Ltd. as the accounting acquirer, so the Company’s pre‑closing historical financials are those of Enhanced Ltd.

Key Details

• Business combination closed: May 7, 2026; NYSE trading began: May 8, 2026 (ticker: ENHA).
• Audited consolidated financial statements provided for years ended December 31, 2025 and 2024 (filed as Exhibit 99.1).
• Share conversion: all historical share and per‑share amounts were retroactively adjusted using an exchange ratio of 7.6021255 Class A shares per legacy Enhanced Ltd. common or convertible preferred share.
• Convertible preferred stock that had been classified as mezzanine equity is restated as common stock for all periods presented, reflecting conversion at closing.

Why It Matters This filing gives investors the retroactively restated audited financial history of Enhanced Group (through Enhanced Ltd.) so you can review comparable historical results and per‑share figures under the company’s current capital structure. The reverse recapitalization accounting means Enhanced Ltd.’s results are the company’s historical performance, and the share‑adjustment and convertible preferred conversion affect prior-period equity and earnings-per-share metrics. Investors should review the included audited statements to understand past performance under the newly reported share counts and capital structure.