Enhanced Group Inc. has executed a 1-for-10 reverse stock split of its common stock, effective October 29, 2026. Concurrently, the company amended its Transaction Support Agreement with key insiders, including its controlling shareholder and CEO, to extend the lock-up period on their shares.
Key Details
- Reverse Stock Split: A 1-for-10 reverse stock split for Class A and Class B common stock became effective on October 29, 2026. The Class A stock began trading on a split-adjusted basis on the NYSE under the existing symbol 'ENHA'.
- Lock-Up Extension: The lock-up agreement with the CEO, controlling shareholder (Enhanced Holdings LP), and another key shareholder was amended to eliminate the six-month share release. All their locked-up shares are now restricted until twelve months after the May 7, 2026 business combination closing.
- Shareholder Impact: The lock-up amendment applies only to specific "Supporting Shareholders"; agreements with other shareholders remain unchanged. Fractional shares from the reverse split were rounded up to the nearest whole share.