Overview
- TickerENHA on NYSE2
- IndustryServices-Miscellaneous Amusement & Recreation2
- HeadquartersDallas, United States2
- Incorporated inTX4
- Business address169 Madison Avenue, Suite 15101, New York, Ny 100164
- Filer category, Emerging growth company4
- Legal formFor-Profit Corporation2
- LEI9845003DD85465D9E8432
- StatusActive2
- LEI statusIssued and current2
- Registered address1601 Elm St., Suite 4360, 75201 Dallas, United States2
- Registered withCorporations Section (Texas Secretary of State), 08065836332
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Combination. The Company will not generate any operating revenues until after the completion of a business combination, at the earliest.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| General and administrative and legal and professional expenses | $111.7K | $5.0K |
| Legal and professional expenses | $926.6K | $70.6K |
| Loss from operations | -$1.0M | -$75.6K |
| Interest income | $3.3M | |
| Gain on expiration of over-allotment option liability | $273.0K | |
| Income (loss) before tax expense | $2.6M | -$75.6K |
| Net income (loss) | $2.6M | -$75.6K |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $697.6K | ||
| Prepaid expenses | $138.9K | $2.4K | |
| Total current assets | $836.6K | $2.4K | |
| Deferred offering costs | $22.8K | ||
| Investments held in trust account | $203.3M | ||
| Total Assets | $204.2M | $25.2K | |
| Accrued expenses | $414.3K | $30.1K | |
| Total current liabilities | $472.2K | $265.9K | |
| Deferred underwriting fee payable | $8.0M | ||
| Total Liabilities | $8.5M | $265.9K | |
| Additional paid-in capital | $25.0K | ||
| Accumulated deficit | -$7.6M | -$265.7K | |
| Total Shareholders Deficit | -$7.6M | -$240.7K | -$165.1K |
| Total Liabilities, Shares Subject to Redemption and Shareholders Deficit | $204.2M | $25.2K | |
| Preferred shares, shares authorized | 5.0M shares | 5.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $697.6K | ||
| Prepaid expenses | $138.9K | $2.4K | |
| Total current assets | $836.6K | $2.4K | |
| Deferred offering costs | $22.8K | ||
| Investments held in trust account | $203.3M | ||
| Total Assets | $204.2M | $25.2K | |
| Accrued expenses | $414.3K | $30.1K | |
| Total current liabilities | $472.2K | $265.9K | |
| Deferred underwriting fee payable | $8.0M | ||
| Total Liabilities | $8.5M | $265.9K | |
| Additional paid-in capital | $25.0K | ||
| Accumulated deficit | -$7.6M | -$265.7K | |
| Total Shareholders Deficit | -$7.6M | -$240.7K | -$165.1K |
| Total Liabilities, Shares Subject to Redemption and Shareholders Deficit | $204.2M | $25.2K | |
| Preferred shares, shares authorized | 5.0M shares | 5.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | $2.6M | -$75.6K |
| Interest earned on marketable securities held in trust account | -$3.3M | |
| Gain on expiration of over-allotment option liability | -$273.0K | |
| Prepaid expenses | -$136.5K | -$2.4K |
| Accounts payable and accrued expenses | $384.2K | $5.1K |
| Net Cash Used in Operating Activities | -$774.9K | -$72.9K |
| Purchase of investment held in trust account | -$200.0M | |
| Net Cash Used in Investing Activities | -$200.0M | |
| Proceeds from Sale of Public Units | $200.0M | |
| Proceeds from sale of private placement units | $6.0M | |
| Proceeds from issuance of promissory note to related party | $64.2K | $95.7K |
| Repayment of promissory note to related party | -$300.0K | |
| Payment of underwriter commissions | -$4.0M | |
| Payment of offering costs | -$349.6K | -$22.8K |
| Advance from a related party | $57.9K | |
| Net Cash Provided by Financing Activities | $201.5M | $72.9K |
| Net Change in Cash | $697.6K | |
| Deferred underwriting fee payable | $8.0M | |
| Accretion of carrying value to redemption value of Class A redeemable ordinary shares | $21.3M | |
| Deferred offering costs paid via promissory note related party | $64.2K | $22.8K |
No quarter-by-quarter statement was filed.
Corporate structure
Enhanced Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Enhanced Group Inc.
- Apeiron Investment Group Ltd. Filed SCHEDULE 13D/A on Enhanced Group Inc., latest Sep 21, 2026 (5 filings since May 14, 2026)
- Maximilian Martin Filed SCHEDULE 13D/A on Enhanced Group Inc., latest Aug 18, 2026 (2 filings since May 14, 2026)
- Harraden Circle Investments, LLC Filed SCHEDULE 13G/A on Enhanced Group Inc., latest Aug 14, 2026 (2 filings since Apr 22, 2026)
- Linden Capital L.P. Filed SCHEDULE 13G/A on Enhanced Group Inc., latest Aug 14, 2026 (2 filings since Aug 5, 2025)
- MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G/A on Enhanced Group Inc., latest Aug 14, 2026 (2 filings since Mar 11, 2026)
- TENOR CAPITAL MANAGEMENT Co., L.P. Filed SCHEDULE 13G/A on Enhanced Group Inc., latest Aug 14, 2026 (2 filings since Aug 4, 2025)
- GLAZER CAPITAL, LLC Filed SCHEDULE 13G/A on Enhanced Group Inc., latest Aug 13, 2026 (3 filings since Nov 13, 2025)
- Goldman Sachs Filed SCHEDULE 13G/A on Enhanced Group Inc., latest Aug 12, 2026 (2 filings since Feb 12, 2026)
- HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Enhanced Group Inc., latest May 15, 2026
- ASPAC IV (Holdings) Corp. Filed SCHEDULE 13G/A on Enhanced Group Inc., latest May 13, 2026 (2 filings since Jul 31, 2025)
- Enhanced Group Inc. Dallas, Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Enhanced Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $697.6K3 Dec 31, 2025 |
Properties, in its own words
We currently maintain our principal executive offices at The Sun’s Group Center, 29th Floor, 200 Gloucester Road, Wan Chai, Hong Kong. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Feb 9, 2026.5
Leadership
Who has led Enhanced Group Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerMaximilian Martin May 7, 2026 to now10
- Chief executive officerClaudius Tsang Jul 29, 2025 to May 7, 202611
- Chief financial officerSiddhartha Banthiya May 7, 2026 to now12
- Chief financial officerClaudius Tsang Jul 29, 2025 to May 7, 202611
Board members and other officers (13)
- Vice President and ControllerKristin Johannimloh May 7, 2026 to now13
- Board memberAnthony D. Eisenberg May 7, 2026 to now14
- Board memberJames Gaskill Simpson May 7, 2026 to now15
- Board memberJames Murren May 7, 2026 to now16
- Board memberJuliette Han May 7, 2026 to now17
- Board memberMaximilian Martin May 7, 2026 to now10
- Board memberSiddhartha Banthiya May 7, 2026 to now12
- Board memberMichael Sepso Sep 25, 2026 to now18
- Board memberAshley Bancroft Jul 29, 2025 to now19
- Board memberClaudius Tsang Jul 29, 2025 to now11
- Board memberNathan Pau Jul 29, 2025 to now20
- Board memberTracy Choi Jul 29, 2025 to now21
- General counselEmily T. Epstein May 7, 2026 to now22
Former names
Timeline
- Oct 1, 20268-K Shareholder vote23
- Sep 23, 20268-K Executive or director change; Regulation FD disclosure24
- Sep 15, 20268-K Executive or director change25
- Aug 26, 20268-K Other events26
- Aug 13, 20268-K Results of operations27
- Jun 15, 20268-K Entered a material agreement; Ended a material agreement; Unregistered sale of shares28
- May 8, 20268-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer29
- May 7, 2026New chief executive Maximilian Martin becomes CEO10
- May 5, 2026Founded Enhanced Group Inc. is founded2
- May 4, 20268-K Shareholder vote; Regulation FD disclosure; Other events30
- Apr 27, 20268-K Listing notice or transfer; Regulation FD disclosure31
- Mar 23, 20268-K Other events32
- Dec 2, 20258-K Other events33
- Nov 28, 20258-K Entered a material agreement34
- Jul 29, 2025New chief executive Claudius Tsang becomes CEO11
Calendar
Coming up
- Oct 29, 2026Split Reverse split 1:10.35
- Nov 12, 2026Reports results for the quarter ending Sep/202636
When it reported results
- Aug 13, 2026Reported quarterly or annual results27
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
169 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 16 major events, 40 insider forms, 23 large holders, 85 other. The latest 20:
- Oct 8, 20264 EDGAR
- Oct 8, 20264 EDGAR
- Oct 8, 20264 EDGAR
- Oct 8, 20264 EDGAR
- Oct 8, 2026DEF 14C EDGAR
- Oct 2, 2026424B3 EDGAR
- Oct 2, 2026424B3 EDGAR
- Oct 2, 2026424B3 EDGAR
- Oct 1, 20268-K EDGAR
- Sep 28, 2026PRE 14C EDGAR
- Sep 25, 20263 EDGAR
- Sep 24, 2026424B3 EDGAR
- Sep 24, 2026424B3 EDGAR
- Sep 24, 2026424B3 EDGAR
- Sep 23, 20268-K EDGAR
- Sep 21, 2026424B3 EDGAR
- Sep 21, 2026424B3 EDGAR
- Sep 21, 2026424B3 EDGAR
- Sep 21, 2026SCHEDULE 13D/A EDGAR
- Sep 21, 20264 EDGAR
The 169 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | Angermayer ChristianDirector | Buy | 6,080,047 | $1.15 | $7.0M | Form 4 |
| Sep 9, 2026 | Angermayer ChristianDirector | Buy | 99,342 | $1.60 | $158.9K | Form 4 |
| Sep 8, 2026 | Angermayer ChristianDirector | Buy | 59,337 | $1.57 | $93.2K | Form 4 |
| Sep 4, 2026 | Angermayer ChristianDirector | Buy | 21,034 | $1.61 | $33.9K | Form 4 |
| Sep 3, 2026 | Apeiron Investment Group Ltd.Director | Buy | 25,414 | $1.58 | $40.2K | Form 4 |
| Sep 2, 2026 | Apeiron Investment Group Ltd.Director | Buy | 107,693 | $1.58 | $170.2K | Form 4 |
| Aug 19, 2026 | Angermayer ChristianDirector | Buy | 1,674,316 | $1.66 | $2.8M | Form 4 |
| Aug 18, 2026 | Angermayer ChristianDirector | Buy | 93,000 | $1.70 | $158.1K | Form 4 |
| Aug 17, 2026 | Angermayer ChristianDirector | Buy | 200,000 | $1.65 | $330.0K | Form 4 |
| Aug 14, 2026 | Enhanced Holdings LPDirector | Buy | 150,000 | $1.97 | $295.5K | Form 4 |
| Jul 31, 2025 | Tsang ClaudiusCEO and CFO | Buy | 400,000 | Form 4 | ||
| Jul 31, 2025 | ASPAC IV (Holdings) Corp.10% owner | Buy | 400,000 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Apeiron Investment Group Ltd.SCHEDULE 13D/A, 5 filings May 14, 2026 to Sep 21, 202637
- Maximilian MartinSCHEDULE 13D/A, 2 filings May 14, 2026 to Aug 18, 202638
- Harraden Circle Investments, LLCSCHEDULE 13G/A, 2 filings Apr 22, 2026 to Aug 14, 202639
- Linden Capital L.P.SCHEDULE 13G/A, 2 filings Aug 5, 2025 to Aug 14, 202640
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Mar 11, 2026 to Aug 14, 202641
- TENOR CAPITAL MANAGEMENT Co., L.P.SCHEDULE 13G/A, 2 filings Aug 4, 2025 to Aug 14, 202642
- GLAZER CAPITAL, LLCSCHEDULE 13G/A, 3 filings Nov 13, 2025 to Aug 13, 202643
- Goldman SachsSCHEDULE 13G/A, 2 filings Feb 12, 2026 to Aug 12, 202644
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing May 15, 202645
- ASPAC IV (Holdings) Corp.SCHEDULE 13G/A, 2 filings Jul 31, 2025 to May 13, 202646
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 29. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Enhanced Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREnhanced Group Inc.1
- CIK0001956439
- Employer ID (EIN)00-00000005
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company5
- Incorporated inBritish Virgin Islands5
- Fiscal year endsDecember 311
- Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address169 Madison Avenue, Suite 15101, New York, NY 100161
- Phone34724833451
- Shares outstanding20,600,000 Common Class A shares; 6,666,667 Common Class B shares as of Feb 9, 20265
- Public float$0 as of Jun 30, 20253
- AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceJan 17, 20231
- Filings169 in all: 4 (22), 425 (21), 3 (18), 424B3 (18), 8-K (16), SCHEDULE 13G (8), SCHEDULE 13G/A (8), UPLOAD (6)1
All 28 form types
CORRESP (5), EFFECT (5), SCHEDULE 13D/A (5), 10-Q (4), S-1 (4), DRS (3), DRS/A (3), DRSLTR (3), S-4/A (3), 8-A12B (2), CERT (2), DEF 14C (2), PRE 14C (2), S-1/A (2), SCHEDULE 13D (2), 10-K (1), 25 (1), 424B4 (1), S-4 (1), S-8 (1)
- Latest filingsAnnual report (10-K) Feb 9, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units | APADU | The Nasdaq Stock Market LLC |
| Class A ordinary shares, no par value | APAD | The Nasdaq Stock Market LLC |
| Rights | APADR | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 9, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
Legal proceedings
We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARAnthony D. Eisenberg, Board member
- 15SEC EDGARJames Gaskill Simpson, Board member
- 16SEC EDGARJames Murren, Board member
- 17SEC EDGARJuliette Han, Board member
- 18SEC EDGARMichael Sepso, Board member
- 19SEC EDGARAshley Bancroft, Board member
- 20SEC EDGARNathan Pau, Board member
- 21SEC EDGARTracy Choi, Board member
- 22SEC EDGAREmily T. Epstein, General counsel
- 23SEC EDGARShareholder vote
- 24
- 25SEC EDGARExecutive or director change
- 26SEC EDGAROther events
- 27SEC EDGARResults of operations
- 28
- 29
- 30
- 31
- 32SEC EDGAROther events
- 33SEC EDGAROther events
- 34SEC EDGAREntered a material agreement
- 35NasdaqNasdaq calendar
- 36NasdaqNasdaq calendar
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