APAD SEC filings, in plain English
Everything AParadise Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 3 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: The filing reports that AParadise Acquisition Corp. completed its business combination with Enhanced Ltd on May 7, 2026, resulting in the company domesticating in Texas and changing its name to Enhanced Group Inc. The document states that Enhanced Group Inc.'s Class A common stock commenced trading on the New York Stock Exchange under the symbol 'ENHA' on May 8, 2026. It further details that the transaction was accounted for as a reverse recapitalization, with Enhanced Ltd treated as the accounting acquirer, and provides audited consolidated financial statements of Enhanced Ltd for periods ended December 31, 2025 and 2024, retroactively adjusted using an exchange ratio of 7.6021255 shares of Class A common stock for each share of Enhanced Ltd's legacy common or convertible preferred stock. Why it matters: This filing confirms the finalization of the SPAC merger, the change in corporate identity and ticker symbol, and the commencement of public trading, which are critical operational milestones for investors tracking the transition from a blank check company to an operating entity. It also establishes the historical financial baseline for the new entity by presenting the target company's audited results as the combined company's historical statements.
What changed: APAD closed its Business Combination on May 7, 2026 with Enhanced Ltd., with 19,611,370 shares redeemed for $201.7M, leaving only ~$3.0M trust cash released to the combined company. Post-close, the company trades as ENHA on NYSE with 128,972,162 Class A and 258,837,933 Class B shares outstanding, and reported a $61.9M net loss for Q2 2026 with a going-concern warning. Why it matters: Near-total redemptions (98%+ of trust) left minimal cash for the combined entity, which is burning $44M/quarter in operating cash flow and has only $19.6M cash on hand. A $50M PIPE is funding survival (Tranche 1 $25M closed, Tranche 2 $11.7M closed July 23, Tranche 3 ~$13.3M pending), but the company explicitly states substantial doubt about continuing as a going concern within 12 months.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $205.1Mnot matched in this filing
- Combination deadline
- 2027-07-31not matched in this filing
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 20.0Mnot matched in this filing
The clause …“there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the condensed consolidated financial”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Exhibit 99.1 to an 8-K of Enhanced Group, Inc. (NYSE: ENHA): an August 13, 2026 press release reporting Q2 2026 results, the company's first reported public quarter. Revenue was $17.7 million against no revenue in the prior-year period, primarily sponsorship revenue recognised on the inaugural Enhanced Games held in May 2026; the company states approximately $32 million of aggregate sponsorship contract value was secured, with the remainder to be recognised in future periods as performance obligations are satisfied. Why it matters: The quarter's loss is roughly 3.5x its revenue, and the $32 million sponsorship figure is contract value rather than recognised revenue. Cash of $19.6 million at June 30 excludes the tranche-two and tranche-three PIPE amounts described, one of which had not been received at the release date.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.