By Karen Roman
Enhanced Group Inc. (NYSE: ENHA) said it closed a $50 million private investment in public equity financing.
The transaction was led by Apeiron Investment Group, Enhanced co-founder and Chairman’s Christian Angermayer family office, as well as co-Founder and CEO Maximilian Martin along global institutional investors.
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The company sold 12.8 million shares of common stock at $3.89 per share and plans to use the proceeds for working capital and growth of its telehealth and consumer health platform, it stated.
Enhanced also said it aims to be fully funded through operational profitability by 2027.
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“The inaugural Enhanced Games exceeded our expectations, engaging more than one billion viewers globally,” said Mr. Martin. “We believe this unprecedented awareness creates a powerful customer acquisition engine for our Live Enhanced consumer platform. With this financing, we are positioned to accelerate growth, scale our platform aggressively, and execute on our path to profitability.”
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