Enhanced Group Inc.ENHA
Cash in trust
$205M
$205,105,918
Trust per share
—
Redemption value
IPO
Jul 2025
—
Combination deadline
—
Not disclosed
Filings on record
173
Latest Oct 19, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Nov 26, 2025
- Closed
- May 8, 2026
Overview
Enhanced Group Inc. is a special purpose acquisition company incorporated in Texas and registered with the SEC under CIK 0001956439. It completed its initial public offering in Jul 2025 and listing on NYSE. Class A shares trade under the ticker ENHA on NYSE. The vehicle is sponsored by Enhanced. The mandate targets generalist. Business combination closed; the company trades under a new ticker.
“we intend to acquire.”
Reading the filings
Arithmetic on what Enhanced Group Inc. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Rights, not warrants
Each unit carried one right per unit, convertible into one-eighth (1/8) of a share. A right converts automatically on closing rather than needing to be exercised at a strike, so it is dilution that arrives whatever the share price does — unlike a warrant, which only bites if the stock works. For a holder redeeming at the trust it is worth nothing either way; for one staying in, it is a certain claim rather than an option.
Underwriting
Cohen & Company led the offering. It has been named on 57 SPAC IPOs, book-running 56 of them, and 100% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
173 filings in all. 51 in the last three months, against a busiest month of 37.
News on Enhanced Group Inc.
Last 90 days- Neutral
- Neutral
- Neutral
- Enhanced Group: The Cash Gap Still Owns The ValuationNeutral
SeekingAlpha · 1mo ago
News sentiment
NeutralAcross 5 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Other events
Item 8.01 · Accession 0001628280-26-066196
- 4
Statement of changes in beneficial ownership
Accession 0001628280-26-065489
- 4
Statement of changes in beneficial ownership
Accession 0001628280-26-065488
- 4
Statement of changes in beneficial ownership
Accession 0001628280-26-065487
- 4
Statement of changes in beneficial ownership
Accession 0001628280-26-065486
- DEF 14C
DEF 14C
Accession 0001628280-26-065467
- 424B3
Prospectus supplement
Accession 0001628280-26-064342
- 424B3
Prospectus supplement
Accession 0001628280-26-064341
- 424B3
Prospectus supplement
Accession 0001628280-26-064340
- 8-K
Submission of matters to a vote of security holders
Item 5.07 · Accession 0001628280-26-064274
- PRE 14C
PRE 14C
Accession 0001628280-26-063750
- 3
Initial statement of beneficial ownership
Accession 0001628280-26-063622
- 424B3
Prospectus supplement
Accession 0001628280-26-063302
- 424B3
Prospectus supplement
Accession 0001628280-26-063301
- 424B3
Prospectus supplement
Accession 0001628280-26-063299
- 8-K
Regulation FD disclosure
Items 5.02, 7.01, 9.01 · Accession 0001628280-26-063260
- 4
Statement of changes in beneficial ownership
Accession 0001193125-26-397056
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001193125-26-397057
- 424B3
Prospectus supplement
Accession 0001628280-26-062795
- 424B3
Prospectus supplement
Accession 0001628280-26-062793
- 424B3
Prospectus supplement
Accession 0001628280-26-062791
- 8-K
Current report
Item 5.02 · Accession 0001628280-26-062067
- 4
Statement of changes in beneficial ownership
Accession 0001193125-26-386771
- EFFECT
Notice of effectiveness
Accession 9999999995-26-002897
- 4
Statement of changes in beneficial ownership
Accession 0001193125-26-383717
- 424B3
Prospectus supplement
Accession 0001193125-26-383613
- 424B3
Prospectus supplement
Accession 0001628280-26-058987
- 424B3
Prospectus supplement
Accession 0001628280-26-058986
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001628280-26-058985
- S-1
Registration statement for the initial public offering
Accession 0001193125-26-364151
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Enhanced Group Inc.: questions answered
What is Enhanced Group Inc. (ENHA)?
Enhanced Group Inc. is a special purpose acquisition company incorporated in Texas and registered with the SEC under CIK 0001956439. It completed its initial public offering in Jul 2025 and listing on NYSE. Class A shares trade under the ticker ENHA on NYSE. The vehicle is sponsored by Enhanced. The mandate targets generalist. Business combination closed; the company trades under a new ticker.
How much does Enhanced Group Inc. hold in trust?
Approximately $205,105,918, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Enhanced Group Inc. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Enhanced Group Inc. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Enhanced Group Inc., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Enhanced Group Inc. trade under?
Class A shares trade as ENHA on NYSE. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Enhanced Group Inc.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors Enhanced Group Inc., and what is their track record?
Enhanced is the sponsor entity, part of the Enhanced franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Claudius Tsang.
Which banks underwrote the Enhanced Group Inc. IPO?
Cohen & Company. Cohen & Company was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Enhanced Group Inc. tradeable, and where?
Yes. ENHA returned a live quote of $1.16 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Enhanced Group Inc. a good investment?
That is not a question this site answers. Enhanced Group Inc. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Enhanced Group Inc. data come from?
Filings Enhanced Group Inc. submitted to the SEC under CIK 0001956439: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 20, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Enhanced: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Cohen & Company in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.