Enhanced Group (ENHA) went public via business combination SPAC with APAD a week ago and 98% of the shares were redeemed. This left around 600k shares total in the float + around 2.5m shares from the rights converting into shares for a total of just over 3m shares. A very very small float that can swing wildly especially if the ability to borrow and short is constrained.
https://preview.redd.it/azpl7u7nr32h1.png?width=1231&format=png&auto=webp&s=b455e3cd86c37f29777895fbd4ea698bdbe5e989
The actual Enhanced games take place this weekend in Las Vegas and they are starting to generate some hype on social media:
https://www.youtube.com/watch?v=C6epF1t8u7E
https://www.youtube.com/watch?v=tkcG3TvRQmA
and some stuff on twitter but I haven't seen anything here.
I've bought \~3k shares and expect with the hype building and if the games get decent viewership/publicity the stock could really take off even with only limited demand because the float is so small.