Angermayer's Enhanced to list on Nasdaq in $1.2 billion SPAC deal

Group 1 - Enhanced, a sports technology firm, will go public in the U.S. through a merger with A Paradise Acquisition Corp, valuing the deal at $1.2 billion [1] - The SPAC market is experiencing a resurgence, with seasoned sponsors reviving SPACs as an alternative route to public listings [1][2] - Enhanced aims to reinvent elite sports and performance, focusing on health and longevity, and plans to build a diversified business tapping into the growing demand for sports entertainment and performance enhancement [3] Group 2 - Enhanced expects to generate revenue from telehealth, direct-to-consumer performance products, brand partnerships, and broadcasting rights, with brand partnerships forming the core of its sports business [4] - The company anticipates up to $200 million in gross cash proceeds from the merger, which will be directed towards athlete recruitment, Enhanced Games production, medical support, and product development [5] - The merger is expected to close in the first half of 2026, after which the combined company will be renamed Enhanced Group and listed on Nasdaq under the ticker "ENHA" [5]