Enhanced Games Shares Collapse Over 80% From $14 to $2.57 After Flop
ENHA•Shares of Enhanced Games plunged from $14 to $2.57—a drop exceeding 80%—within three days following the inaugural ‘super-enhanced’ Games’ lacklustre turnout. Investors balked despite the company’s $25 million athlete compensation pool, FDA-approved Performance Enhancement Protocols and its SPAC-fueled $1.2 billion telehealth platform Live Enhanced.
1. Stock Price Collapse
Shares of Enhanced Games fell from $14 to $2.57 in under three days, marking an over 80% decline as investors reacted to the underwhelming inaugural event.
2. Inaugural Games Failure
The weekend’s ‘super-enhanced’ multi-sport competitions—featuring athletes under a cocktail of testosterone, peptides and steroids—failed to attract expected viewership and investor support, triggering widespread sell-offs.
3. Assets and Valuation
Enhanced Games had touted FDA-approved Performance Enhancement Protocols, a $25 million athlete compensation pool and the Live Enhanced telehealth platform valued at $1.2 billion via its SPAC merger, but market skepticism prevailed.
