Enhanced Group Inc. Approves 1-for-10 Reverse Stock Split

What Happened

• Enhanced Group Inc. announced that its controlling shareholder, Enhanced Holdings LP (through Apeiron Investment Group Limited), executed a written consent on September 28, 2026 approving an amendment to the company’s charter to effect a 1-for-10 reverse stock split of both Class A and Class B common stock.
• The Board had approved and recommended the amendment on September 25, 2026. The Written Consent—representing approximately 96.6% of the company’s voting power—voted 2,631,723,148 in favor, with no votes against or abstentions, so no further shareholder vote is required.
• The Reverse Stock Split will be implemented at a time the Board selects, but not earlier than the 20th day after the company distributes an information statement (Schedule 14C) to shareholders. The Board may abandon the amendment before it is filed with the Texas Secretary of State.

Key Details

• Reverse split ratio: 1-for-10 for both Class A (par $0.0001) and Class B (par $0.0001) common stock.
• Outstanding shares as of Record Date (Sept 25, 2026): 136,816,367 Class A; 258,837,933 Class B. Consenting shareholder holdings: 43,343,818 Class A and 258,837,933 Class B.
• Voting power: Class A = 1 vote per share; Class B = 10 votes per share. Consenting shareholder controlled ~2,631,723,148 votes (~96.6%).
• Fractional shares: no fractional shares will be issued; any fractional share resulting from the split will be rounded up to the nearest whole share.

Why It Matters

• If implemented, the reverse split will reduce the number of outstanding shares by a factor of 10 and increase the per-share figure proportionally (mathematically adjusting share count and per-share metrics).
• The action was approved solely by the controlling shareholder via written consent, so it does not require additional shareholder voting. Timing and final implementation remain at the Board’s discretion and will follow distribution of the required information statement.
• Retail investors should watch for the company’s Schedule 14C for the effective date and any trading/administrative details (including how brokerages will handle fractional shares and updated share totals).