PMGC Holdings Inc. Announces Anticipated Reverse Stock Split
PMGC Holdings (NASDAQ: ELAB) has announced a 1-for-3.5 reverse stock split effective September 2, 2025. The split will consolidate every 3.5 shares of common stock into one share, with fractional shares rounded up to one full share.
Following the split, ELAB's outstanding shares will decrease from approximately 2,369,727 to 677,000. While the trading symbol remains unchanged, the stock will receive a new CUSIP number (73017P300). The split will proportionally adjust outstanding stock awards, options, warrant shares, and exercise prices.
Shareholders holding physical certificates can exchange them through VStock Transfer, LLC. The reverse split does not affect the overall value of shareholder equity, only adjusting the number of shares outstanding and share price proportionally.
PMGC Holdings (NASDAQ: ELAB) ha comunicato un reverse stock split 1-per-3,5 che entrer脿 in vigore il 2 settembre 2025. L鈥檕perazione raggrupper脿 ogni 3,5 azioni ordinarie in una sola azione, con le frazioni arrotondate per eccesso a un鈥檃zione intera.
A seguito del raggruppamento, le azioni in circolazione di ELAB diminuiranno da circa 2.369.727 a 677.000. Il simbolo di negoziazione rester脿 invariato, mentre sar脿 assegnato un nuovo numero CUSIP (73017P300). Verranno adeguati proporzionalmente anche premi azionari in essere, opzioni, warrant e i relativi prezzi di esercizio.
I detentori di certificati cartacei potranno scambiarli tramite VStock Transfer, LLC. Il reverse split non altera il valore complessivo del patrimonio degli azionisti: cambia solo il numero di azioni in circolazione e il prezzo per azione in misura proporzionale.
PMGC Holdings (NASDAQ: ELAB) ha anunciado un reverse stock split de 1 por 3,5 con vigencia a partir del 2 de septiembre de 2025. La operaci贸n consolidar谩 cada 3,5 acciones ordinarias en una sola acci贸n, y las fracciones se redondear谩n hacia arriba a una acci贸n completa.
Tras el split, las acciones en circulaci贸n de ELAB disminuir谩n de aproximadamente 2,369,727 a 677,000. El s铆mbolo de cotizaci贸n permanecer谩 igual, pero se asignar谩 un nuevo n煤mero CUSIP (73017P300). Tambi茅n se ajustar谩n proporcionalmente las adjudicaciones de acciones en curso, las opciones, las acciones de warrants y los precios de ejercicio.
Los accionistas que tengan certificados f铆sicos podr谩n canjearlos a trav茅s de VStock Transfer, LLC. El reverse split no afecta el valor total del patrimonio de los accionistas, solo modifica proporcionalmente el n煤mero de acciones en circulaci贸n y el precio por acci贸n.
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PMGC Holdings (NASDAQ: ELAB) a annonc茅 un reverse split de 1 pour 3,5 qui prendra effet le 2 septembre 2025. L鈥檕p茅ration regroupera chaque 3,5 actions ordinaires en une seule action, les fractions 茅tant arrondies 脿 la hausse 脿 une action enti猫re.
Apr猫s le regroupement, le nombre d鈥檃ctions en circulation d鈥橢LAB passera d鈥檈nviron 2鈥�369鈥�727 脿 677鈥�000. Le symbole de cotation restera le m锚me, mais un nouveau num茅ro CUSIP (73017P300) sera attribu茅. Les attributions d鈥檃ctions en cours, les options, les actions de warrants et les prix d鈥檈xercice seront ajust茅s proportionnellement.
Les actionnaires d茅tenant des certificats physiques peuvent les 茅changer via VStock Transfer, LLC. Le reverse split n鈥檃ffecte pas la valeur globale des capitaux propres des actionnaires ; il ne modifie que le nombre d鈥檃ctions en circulation et le prix par action de fa莽on proportionnelle.
PMGC Holdings (NASDAQ: ELAB) hat eine Reverse-Split im Verh盲ltnis 1 zu 3,5 angek眉ndigt, der am 2. September 2025 wirksam wird. Dabei werden jeweils 3,5 Stammaktien zu einer Aktie zusammengelegt; Bruchst眉cke werden auf eine volle Aktie aufgerundet.
Nach dem Split reduziert sich die Anzahl der ausstehenden ELAB-Aktien von etwa 2.369.727 auf 677.000. Das B枚rsensymbol bleibt unver盲ndert, es wird jedoch eine neue CUSIP-Nummer (73017P300) vergeben. Ausstehende Aktienzuteilungen, Optionen, Warrant-Aktien und Aus眉bungspreise werden anteilig angepasst.
Aktion盲re mit physischen Zertifikaten k枚nnen diese 眉ber VStock Transfer, LLC umtauschen. Der Reverse-Split beeinflusst nicht den Gesamtwert des Aktion盲rsverm枚gens, sondern passt lediglich die St眉ckzahl und den Kurs pro Aktie proportional an.
- Potential compliance with minimum bid price requirements for continued NASDAQ listing
- Reduced number of shares outstanding may attract institutional investors
- No loss of equity value for shareholders as the split is purely mechanical
- Reverse splits are often viewed negatively by the market
- May indicate underlying concerns about share price performance
- Transaction costs for shareholders holding physical certificates
Insights
PMGC's 1-for-3.5 reverse split aims to increase share price but doesn't change fundamental company value.
PMGC Holdings is implementing a 1-for-3.5 reverse stock split effective September 2, 2025. This corporate action will consolidate every 3.5 shares into one share, reducing the total outstanding shares from approximately 2,369,727 to about 677,000. The company will maintain its "ELAB" trading symbol but receive a new CUSIP number.
This reverse split is a technical adjustment that doesn't fundamentally change the company's market capitalization or underlying business value. The mathematical reduction in share count creates a proportional increase in share price - for example, a stock trading at
Companies typically implement reverse splits for several strategic reasons: to meet exchange listing requirements (typically
Notably, shareholders won't need to take action, and those entitled to fractional shares will receive one full share instead - a shareholder-friendly approach compared to paying cash for fractional interests. Outstanding equity awards, options, and warrants will be proportionally adjusted to maintain their economic value.
NEWPORT BEACH, Calif., Aug. 28, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (NASDAQ: ELAB) (鈥淧MGC鈥� or the 鈥淐ompany鈥�) today announced that it will effect a 1-for-3.5 reverse stock split (the 鈥淪plit鈥�) of its issued and outstanding and authorized common stock, par value
Key Details of the Reverse Stock Split:
- Conversion Ratio: Every 3.5 shares of issued and outstanding Common Stock will be consolidated into one share of Common Stock, and every 3.5 shares of authorized Common Stock will be consolidated into one share of Common Stock, each with no further action required from shareholders.
- Fractional Shares: Shareholders entitled to fractional shares will receive one full share for each fractional portion.
- Updated Stock Identifier: While the trading symbol for the Common Stock will remain 鈥淓LAB,鈥� the Common Stock will be designated a new CUSIP number 73017P300.
- Equity Adjustments: Outstanding stock awards, options, and the shares reserved for the equity incentive plan will be adjusted proportionally to reflect the Split.
- Warrant Share and Exercise Price Adjustments: Shares of Common Stock underlying outstanding warrants and the exercise price of the outstanding warrants will be adjusted proportionally to reflect this stock split.
Impact on Shareholders:
- Certificate Holders: Shareholders with physical certificates can exchange them, if desired, through VStock Transfer, LLC, the transfer agent of the Company, which will provide detailed instructions.
- Share Value: The reverse split does not impact the overall value of shareholder equity; it only reduces the number of shares outstanding while proportionally adjusting the share price.
Impact on our Common Stock:
The Company anticipates that there will be approximately 677,000 shares of common stock issued and outstanding immediately following the anticipated reverse stock split on September 2, 2025. The Company anticipates that there will be approximately 2,369,727 shares of common stock issued and outstanding immediately prior to the anticipated reverse stock split on September 2, 2025.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as 鈥渂elieves,鈥� 鈥渆xpects,鈥� 鈥減lans,鈥� 鈥減otential,鈥� 鈥渨ould鈥� and 鈥渇uture鈥� or similar expressions such as 鈥渓ook forward鈥� are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings鈥� filings with the United States Securities and Exchange Commission (鈥淪EC鈥�), including the 鈥淩isk Factors鈥� section of the Company鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC鈥檚 web site at聽. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
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FAQ
What is the reverse stock split ratio for PMGC Holdings (ELAB) and when is it effective?
How many shares will PMGC Holdings (ELAB) have outstanding after the reverse split?
What happens to fractional shares in PMGC Holdings' reverse stock split?
How does the ELAB reverse stock split affect existing shareholders?
Will PMGC Holdings' stock symbol change after the reverse split?
