Enhanced Group Sets 1-for-10 Reverse Stock Split, Effective Oct. 29

Enhanced Group Inc. (NYSE: ENHA) has carried out a 1-for-10 reverse stock split, effective Oct. 29, 2026, the company said in an 8-K filed Tuesday, Nov. 3.

Under the split, every ten shares of Class A common stock were combined into one share, and every ten shares of Class B common stock were combined into one share. The same ratio applied to both classes and affected all shareholders uniformly, the company said. Class A shares began trading split-adjusted when the NYSE opened on Oct. 29 under the existing ticker, ENHA. The new CUSIP number for Class A shares is 29333R206.

Fractional shares

No fractional shares were issued. Any fraction that would otherwise have resulted was rounded up to the nearest whole share at no additional cost to the shareholder. For shares held through The Depository Trust Company, the rounding was handled at the DTC-participant level.

The number of authorized shares and the $0.0001 par value of each class did not change.

Share count and reason

The filing does not give the post-split share count, and it does not state the reason for the split. The company's most recent share count, about 387.8 million as of Aug. 13, predates the split and is not restated in the filing. Because that count is pre-split, it cannot be combined with the $7.11 last close from Nov. 3, which is post-split, to estimate a current market value, so no market value is given here.

The 8-K also reports amendments to transaction support agreements with three supporting shareholders: controlling shareholder Enhanced Holdings LP, Chief Executive Officer Maximilian Martin and Aron D'Souza. The six-month lock-up release for those holders has been eliminated, and their remaining locked-up shares stay restricted until 12 months after the business combination closed on May 7, 2026. Agreements with the company's other shareholders were not changed.