Enhanced Ltd., a sports competition and performance products company, agreed to a business combination with A Paradise Acquisition, a special purpose acquisition company (SPAC), leading to its anticipated listing on the Nasdaq Stock Exchange. The transaction values Enhanced at $1.2 billion.
Prior to the agreement, Enhanced closed a $40 million equity private placement, which is convertible into public shares following completion of the business combination.
The S&C team advising Enhanced is led by Evan Simpson, Alan Fishman and Matthew Goodman and includes Paul Rota, Mitchell Friedman, Nicole Miller and Cameron Steckbeck. Heather Coleman is advising on executive compensation matters. Jameson Lloyd is advising on tax matters.