Extraordinary General Meeting of A Paradise Shareholders to Approve Business Combination Scheduled for May 1, 2026
Upon Closing, Combined Company Expected to Be Named "Enhanced Group Inc." with Class A common stock Expected to Trade on the New York Stock Exchange Under Ticker Symbol "ENHA"
NEW YORK and HONG KONG, April 13, 2026 /PRNewswire/ -- Enhanced Ltd ("Enhanced" or the "Company") and A Paradise Acquisition Corp. ("A Paradise") $(APAD)$, a special purpose acquisition company, today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective on April 10, 2026, the registration statement on Form S-4 (as amended, the "Registration Statement") in connection with the previously announced proposed business combination (the "Business Combination").
This marks an important milestone as Enhanced Group Inc., the surviving public company after the closing of the Business Combination, nears its expected listing on the New York Stock Exchange ("NYSE") under the ticker symbol "ENHA."
"The effectiveness of our S-4 filing represents another pivotal moment in Enhanced's journey towards becoming a public company," said Maximilian Martin, Co-Founder and Chief Executive Officer of Enhanced. "We are uniquely positioned to demonstrate that performance enhancements can be safely integrated into elite sports under the highest clinical standards and available to consumers looking to optimize their own health and wellness."
Background Information on the Business Combination
As previously announced on November 26, 2025, Enhanced and A Paradise entered into a definitive business combination agreement to bring Enhanced's global sports and consumer products businesses to the U.S. public markets. The Business Combination values Enhanced at an enterprise value of $1.2 billion and would provide up to $200 million in gross cash proceeds upon closing, assuming no redemptions by A Paradise shareholders.
The transaction is subject to customary closing conditions, including A Paradise shareholder approval.
Additional information about the proposed Business Combination can be found in the Registration Statement filed by A Paradise and Enhanced as co-registrants, and in other public filings by A Paradise, which are available on the SEC's website at www.sec.gov.
Extraordinary General Meeting to Approve Business Combination
A Paradise will hold an extraordinary general meeting of shareholders (the "General Meeting") at 8:00 am Eastern Time on May 1, 2026 for its shareholders of record as of April 2, 2026 to approve the proposed Business Combination and other related matters. A Paradise has mailed the definitive proxy statement to its shareholders as of the Record Date. The Business Combination is expected to close shortly after the General Meeting, subject to satisfaction of customary closing conditions.
A Paradise shareholders are urged to read the proxy materials, including the reasons for the unanimous recommendation by A Paradise's Board that all shareholders vote "FOR" ALL PROPOSALS included in the definitive proxy statement in advance of the General Meeting. Shareholders may vote by telephone, online, or by signing, dating and returning the proxy card upon receipt by following the instructions on the proxy card.
If you have any questions or need assistance voting, please contact Advantage Proxy, Inc. by telephone at +206 870 8565 or by email at ksmith@advantageproxy.com. A Paradise shareholders whose shares are held of record by a broker, bank, or other nominee should contact their broker, bank, or nominee to ensure that their shares are voted. In this regard, they must provide the broker, bank or nominee with instructions on how to vote their shares or, if they wish to attend the extraordinary general meeting and vote in person or virtually, obtain a valid proxy from their broker, bank or nominee.
Your vote FOR ALL proposals is important, no matter how many or how few shares you own.
Important Information for Investors and Shareholders
This communication relates to a proposed transaction involving A Paradise and Enhanced. This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A Paradise and Enhanced have filed a registration statement on Form S-4 with the SEC, which includes a document that serves as a prospectus and proxy statement of A Paradise, referred to as a proxy statement/prospectus. A proxy statement/prospectus has been sent to all A Paradise shareholders. A Paradise and Enhanced also will file other documents regarding the business combination with the SEC. Before making any voting decision, investors and security holders of A Paradise are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the business combination, as they become available because they will contain important information about the business combination. Neither the SEC nor any securities commission or any other U.S. or non-U.S. jurisdiction has approved or disapproved of the business combination or information included herein.
Investors and security holders are able to obtain free copies of the registration statement, the proxy statement/prospectus, and all other relevant documents filed or that will be filed with the SEC by A Paradise and Enhanced through the website maintained by the SEC at www.sec.gov [sec.gov]. The documents filed by A Paradise with the SEC also may be obtained upon written request to A Paradise Acquisition Corp., The Sun's Group Center, 29th Floor, 200 Gloucester Road, Wan Chai, Hong Kong, Attention: Claudius Tsang, Chief Executive Officer, +852 9583 3199.
Participants in Solicitation
Enhanced, A Paradise and their respective directors and executive officers may be deemed participants in the solicitation of proxies from A Paradise's shareholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in A Paradise is contained in A Paradise and Enhanced's registration statement on Form S-4 which was filed with the SEC, and is available free of charge at the SEC's website at https://www.sec.gov/, or by directing a request to A Paradise Acquisition Corp., The Sun's Group Center, 29th Floor, 200 Gloucester Road, Wan Chai, Hong Kong, Attention: Claudius Tsang, Chief Executive Officer, +852 9583 3199.
Additional information regarding the interests of such participants is contained in the registration statement. A list of the names of the directors and executive officers of Enhanced and information regarding their interests in the business combination is contained in the registration statement. Additional information regarding the interests of such participants in the solicitation process may also be included in other relevant documents when they are filed with the SEC.
Forward-Looking Statements
This communication only speaks at the date hereof and may contain, and related discussions contain, "forward-looking statements" within the meaning of U.S. federal securities laws. These statements include descriptions regarding the intent, belief, estimates, assumptions or current expectations of A Paradise, Enhanced or their respective officers with respect to the consolidated results of operations and financial condition, future events and plans of A Paradise and Enhanced. These forward-looking statements may be identified by a reference to a future period or by the use of forward-looking terminology. Forward-looking statements are typically identified by words such as "expect", "believe", "foresee", "anticipate", "intend", "estimate", "goal", "strategy", "plan", "target" and "project" or conditional verbs such as "will", "may", "should", "could", or "would" or the negative of these terms, although not all forward-looking statements contain these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs, estimates and projections, and various assumptions, many of which are inherently uncertain and beyond A Paradise's and Enhanced's control. Such expectations, beliefs, estimates and projections are expressed in good faith, and management believes there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, estimates and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to: the outcome of any legal proceedings that may be brought against Enhanced or A Paradise following the announcement of the transactions described herein; the inability to complete the transactions described herein; the failure to obtain required regulatory or shareholder approvals; the valuation of Enhanced in connection with the business combination, which was determined through negotiations among affiliated parties and may not represent a market-based valuation; Enhanced's unproven business model, limited operating history, and minimal revenue to date; the success of the inaugural 2026 Enhanced Games and subsequent events; audience, sponsor and media demand for performance-enhanced competition and related products; the
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