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Enhanced Group Inc. logo
ENHA$7.12-2.73%

Enhanced Group Inc.

Sector: Services-Miscellaneous Amusement & RecreationIndustry: Financial - ConglomeratesCountry: USExchange: NYSE

Mkt Cap$97.41M
Float & O/S
Inst Own

DilutionScan read 58 of Enhanced Group Inc.'s SEC filings and found 5 warrant series, 4 convertibles, 4 S-1 registrations and 4 completed offerings on file for ENHA. The latest dilution event on file is a registration statement on Sep 4, 2026. Analysis updated Nov 1, 2026.

Signal8 Summary

ENHA

Distressed cash position and high burn

Snapshot

ENHA is a small-cap firm burning cash rapidly to launch its sports and health platform. The latest fiscal year shows zero revenue and a net loss of $26.7M, with free cash flow of negative $24.8M.

What's Happening Right Now

  • : Enhanced Group reported its first revenue as a public company of $17.7M for Q2 2026 driven by sponsorship income, but posted a $61.9M net loss due to event costs and listing expenses.
  • : An FDA advisory committee voted to recommend adding several popular peptides to a list of substances that can be legally compounded, a shift Enhanced is positioned to capitalize on.
  • : The company secured a $50M strategic financing led by its Chairman and CEO, which management expects will fund operations through operational profitability targeted for 2027.
  • : The inaugural Enhanced Games surpassed $32M in sponsorship deal value, exceeding full year guidance, and achieved over one billion global engagements.

Raise routes on file: effective S-1 · latest dilution event 60 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Sep 4, 2026 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 4

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · primary offering

Issued 2025

Completed

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 5

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

PIPE Common Warrants - Tranche 1

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

PIPE Warrants - Tranche 2

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

PIPE Warrants - Tranche 3

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Consultant warrants

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 4

What is this?

Principal, conversion terms and dates with Pro

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Offerings · 4

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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