Enhanced Games Owner Jumps 27% After Going Public Via SPAC

Enhanced Group Inc. shares climbed 27% after going public via a merger with blank-check company A Paradise Acquisition Corp. that gave it an enterprise value of $1.2 billion.

Shares reversed early losses to climb to $10.17 each before being halted for volatility at 11:48 a.m. in New York on Friday, above the $8.03 closing price of the special purpose acquisition company the day before.