A Paradise Shareholders Approve Enhanced Merger, Clearing Path for NYSE Debut as ENHA

TL;DR: A Paradise Acquisition Corp. shareholders approved the merger with Enhanced Group Inc., clearing the path for the combined entity to list on the NYSE as ENHA.

A Paradise Acquisition Corp. is a special purpose acquisition company (SPAC) that raised capital via an initial public offering to acquire a private business. The vote took place at an extraordinary general meeting on May 1, 2026, where holders of 21,072,603 ordinary shares were present, representing about 77.3% of the total shares outstanding.

Of those votes, 17,991,887 were in favor of the Business Combination Proposal, 3,079,716 were against and 1,000 shareholders abstained. The approval met the required threshold, allowing the deal to proceed.

Following the vote, 19,615,531 ordinary shares were tendered for redemption, meaning investors who opposed the merger could reclaim their pro-rata share of the trust account. This redemption level is typical for SPACs seeking to minimize dilution while retaining enough capital for the post-merger company.

Enhanced Group Inc.'s Class A common stock is expected to list on the New York Stock Exchange under the ticker ENHA once the business combination closes. The SPAC's shares, currently trading under APAD on Nasdaq, closed at $10.12 on April 30, 2026, giving the vehicle a market capitalization of roughly $210 million.

Analysts estimate the implied enterprise value of the combined company at about $1.0 billion, based on Enhanced Group’s private valuation and the cash remaining after redemptions. The transaction will enhance liquidity for shareholders and provide Enhanced Group with a public-market currency for future acquisitions.

What to watch next: the scheduled closing date of the merger, the initial trading performance of ENHA on the NYSE, and any post-merger updates on Enhanced Group’s operational results.