EQH-PC · Equitable Holdings, Inc.

Summary

Equitable Holdings, Inc. entered into a definitive Agreement and Plan of Merger on March 26, 2026, with Corebridge Financial, Inc. and related subsidiaries to effect all-stock mergers forming a new parent company, HoldCo, which will be renamed Equitable Holdings, Inc. The transaction provides Equitable common stockholders 1.55516 HoldCo shares per share and Corebridge stockholders 1.000 HoldCo share per share, with Corebridge shareholders owning approximately 51% and Equitable 49% post-closing.

Key takeaways

• Merger Agreement signed March 26, 2026, between Equitable Holdings, Inc., Corebridge Financial, Inc., Mountain Holding, Inc. (HoldCo), Marcy Holding, Inc. (Equitable Merger Sub), and Palisade Holding, Inc. (Corebridge Merger Sub)
• Equitable Common Stock converts at 1.55516 HoldCo Common Stock ratio; Corebridge Common Stock at 1.000 ratio
• Post-closing ownership: Corebridge stockholders ~51%, Equitable stockholders ~49%
• Unanimously approved by boards of both Equitable and Corebridge
• Expected closing by year-end 2026, subject to shareholder and regulatory approvals including HSR, insurance regulators in AZ, CO, MO, NY, TX
• HoldCo governance: 14 directors (7 from each), Marc Costantini as CEO, Mark Pearson as Executive Chair, headquartered in Houston, TX