Enhanced Lands $1.2B SPAC Deal, Eyes Nasdaq Debut in 2026

Sports performance startup Enhanced just locked in a major move: merging with SPAC A Paradise Acquisition Corp to go public at a $1.2B valuation.

Here’s what’s actually happening:

The Numbers:

• Valuation: $1.2 billion
• Cash inflow: ~$200M (minus any SPAC redemptions)
• Enhanced founders keep ~81% post-merger
• Pre-merger SAFE round: $40M already closed

Timeline & Details:

• Merger expected to close H1 2026
• Nasdaq listing ticker: ENHA
• First Enhanced Games drops May 24, 2026 in Las Vegas
• Warrant sweetener: SAFE investors get 1 warrant per 2 shares (2-year exercise at $1.2B valuation)

What’s the money for? Athlete recruitment and comp, better production quality—basically building out their inaugural games event.

The backup play is solid too: if the merger tanks, SAFE investors automatically become Enhanced shareholders anyway, so the $40M funds the 2026 games regardless.

Not your typical SPAC grind—this one’s got an actual event product launching in ~16 months.