Maximilian Martin Increases Stake in Enhanced Group Inc. to 9.6% via Private Placement

Maximilian Martin filed an Amendment No. 1 to Schedule 13D on August 18, 2026, reporting an increased stake in Enhanced Group Inc. (APAD). As of the event date on August 14, 2026, Martin beneficially owns 12,722,637 shares of Class A Common Stock, representing 9.6% of the company. This position includes 11,437,290 shares held directly and 1,285,347 shares underlying currently exercisable warrants. The reporting person acquired 1,285,347 shares and an equal number of warrants through a private placement at a combined purchase price of $3.89 per unit, totaling an investment of approximately $5 million from personal funds. The private placement closed following the effectiveness of a stockholder consent. In connection with the purchase, Martin entered into a Registration Rights Agreement requiring the issuer to file a resale registration statement within 30 days. This filing updates a previous position and reflects the completion of the securities purchase agreement dated June 14, 2026.