Enhanced Group Inc. filed a Form 8-K on November 3, 2026, disclosing a one-for-ten reverse stock split of its Class A and Class B Common Stock that became effective October 29, 2026, and amendments to Transaction Support Agreements that eliminate a six-month lock-up release for three named Supporting Shareholders.

Key Highlights

  • Reverse stock split effective: Each ten shares of Class A Common Stock and each ten shares of Class B Common Stock were combined into one share at 12:01 a.m. Central Time on October 29, 2026.
  • Split-adjusted trading began: Class A Common Stock began trading on a split-adjusted basis on the New York Stock Exchange on October 29, 2026, under the existing symbol "ENHA," with new CUSIP number 29333R206.
  • No fractional shares issued: Any fractional share resulting from the split was rounded up to the nearest whole share at no additional cost to the shareholder.
  • Authorized share count and par value unchanged: The Reverse Stock Split did not reduce the number of authorized shares of either class, and par value per share remains $0.0001.
  • Lock-up extended for three Supporting Shareholders: TSA Amendments signed October 31, 2026, eliminate the prior six-month partial lock-up release for Enhanced Holdings LP, Maximilian Martin, and Aron D'Souza; all their locked-up shares remain restricted until twelve months after the Business Combination closing.
  • Other shareholders unaffected: Transaction Support Agreements with the company's other shareholders have not been amended and remain in effect according to their terms.

Enhanced Group Executes 1-for-10 Reverse Split and Extends Key Shareholder Lock-Ups

According to the filing, Enhanced Group Inc. (NYSE:ENHA) effected a one-for-ten reverse stock split of its Class A Common Stock and Class B Common Stock, each with a par value of $0.0001 per share, at 12:01 a.m. Central Time on October 29, 2026. The company disclosed that the split applied uniformly to all holders of Common Stock and that proportionate adjustments are being made to outstanding equity awards, warrants, exercise prices, and share reserves under the company's equity plans in accordance with their respective terms.

The company reported that the Amendment to its certificate of formation was approved by written consent of Enhanced Holdings LP, acting through its nominee and record holder Apeiron Investment Group Limited, as holder of a majority of the voting power of the issued and outstanding common stock. The Amendment was filed with the Secretary of State of the State of Texas on October 23, 2026. The filing also noted that for shares held through The Depository Trust Company, the determination of fractional share interests and related rounding were made at the DTC-participant level.

Separately, the filing disclosed that on October 31, 2026, the company entered into Amendment No. 1 to Transaction Support Agreement with each of Enhanced Holdings LP (holding through Apeiron Investment Group Limited), Maximilian Martin (described as the company's Chief Executive Officer and a board member), and Aron D'Souza. The TSA Amendments eliminate the previously established six-month partial release of lock-up restrictions for those three Supporting Shareholders. According to the filing, all shares held by each Supporting Shareholder that remain subject to lock-up restrictions will continue to be restricted until twelve months following the closing of the Business Combination, which the filing states was consummated on May 7, 2026.

What Was Disclosed

Enhanced Group Inc. reported a one-for-ten reverse stock split effective October 29, 2026, and amendments to Transaction Support Agreements dated October 31, 2026, that extend full lock-up periods for three named Supporting Shareholders through twelve months after the May 7, 2026, Business Combination closing.