Ogier advises A Paradise on US$1.2 billion de-SPAC business combination with Enhanced

Ogier's Corporate specialists in Hong Kong acted as BVI counsel to longstanding client A Paradise Acquisition Corp in its landmark US$1.2 billion de-SPAC business combination with Enhanced Ltd, an elite sports competition and consumer products company.

Following the de-SPAC, A Paradise was renamed Enhanced Group Inc. Class A common stock commenced trading on the New York Stock Exchange (NYSE) under the ticker symbol ENHA on 8 May 2026.

The complex business combination began with A Paradise being re-domesticated from the BVI to the State of Texas followed by two statutory mergers in the Cayman Islands and the State of Texas.

The Ogier team was led by partner Rachel Huang, with support from the firm's global head of Corporate Nathan Powell, associate Kingston Tang, legal manager Em Lou and paralegal Josie Ma. Ogier worked closely with A Paradise's US counsel, Morrison & Foerster LLP,  and Enhanced's US counsel, Sullivan & Cromwell.

Rachel said: "It was a pleasure supporting our longstanding client A Paradise on this complex de-SPAC transaction involving domestication and mergers across multiple jurisdictions. This landmark deal is a testament to Ogier's market-leading position in the SPAC space, and specifically our strength in helping Asia-based clients seamlessly navigate all aspects of the SPAC lifecycle."

In 2025, Ogier advised A Paradise on its US$200 million initial public offering on Nasdaq.

Find out more about Ogier's market-leading SPAC and de-SPAC services.