Enhanced Games Owner Jumps 21% After Going Public Via SPAC

Enhanced Group Inc. signage outside the New York Stock Exchange on May 8.Photographer: Jordan Fitzgerald/Bloomberg

Enhanced Group Inc. shares climbed almost 21% after going public via a merger with blank-check company A Paradise Acquisition Corp.

Shares reversed early losses to jump to as high as $10.17 each before being halted for volatility at 11:48 a.m. in New York on Friday. The stock closed Friday at $9.70, above the $8.03 closing price of the special purpose acquisition company the day before.