ENHA lists via SPAC merger, valuing the performance-enhanced sports event organizer at $1.2 billion.
Enhanced Group (ENHA) started trading on the New York Stock Exchange Friday after merging with blank-check firm A Paradise Acquisition Corp. The deal values the company at $1.2 billion. Executives and Olympic athletes will ring the closing bell at 4:30 p.m. ET.
The company, which organizes athletic events permitting performance-enhancing drugs, plans its inaugural Enhanced Games next month in Las Vegas. CEO Maximilian Martin called the event a showcase of high medical standards in sport.
No immediate market reaction was reported following the trading debut.