PMGC Holdings Inc. Announces Anticipated Reverse Stock Split

Rhea-AI Summary

PMGC Holdings (NASDAQ: ELAB) will effect a 1-for-4 reverse stock split of its common stock at 9:00 AM ET on January 6, 2026. Every four issued or authorized shares will be consolidated into one share and fractional entitlements will be converted into whole shares.

The trading symbol will remain ELAB and the company will use a new CUSIP 73017P409. Outstanding awards, options, reserved shares, and warrant shares and exercise prices will be adjusted proportionally. Transfer agent VStock Transfer will handle certificate exchanges.

The company expects approximately 2,034,882 shares outstanding immediately prior to the split and about 508,721 shares outstanding immediately following the split.

Positive

• Reverse split ratio of 1-for-4 announced
• Outstanding shares reduced from 2,034,882 to ~508,721
• Awards, options, and warrants will be adjusted proportionally

Negative

• No change in shareholder equity; split only alters share count and per-share price
• New CUSIP (73017P409) requires investors/brokers to update records

Key Figures

Reverse split ratio 1-for-4 Planned reverse stock split effective January 6, 2026

Pre-split shares 2,034,882 shares Anticipated issued and outstanding before reverse split

Post-split shares 508,721 shares Anticipated issued and outstanding after reverse split

Par value $0.0001 per share Common stock par value referenced in split announcement

Pre-news price $1.48 Last close before reverse split announcement

52-week high $99.715 52-week high prior to this announcement

52-week low $1.25 52-week low prior to this announcement

Shares outstanding 744,121 shares Common stock outstanding as of October 10, 2025 (DEF 14A)

Market Reality Check

$1.48 Last Close

Volume Volume 656,500 vs 20-day average 1,000,180 (relative volume 0.66), indicating subdued trading ahead of the split. low

Technical Shares trade below the 200-day MA of 7.41 with the last price at 1.48, reflecting a weak longer-term trend before this announcement.

Peers on Argus

Biotech peers showed mixed moves, with SPRC up 3.82%, INDP up 8.58%, QLGN up 7.72%, while REVB fell 3.9% and UBX dropped 29.14%, suggesting ELAB’s reverse split is a stock-specific structural event rather than part of a sector-wide move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 22	Quality certification	Positive	-11.1%	Subsidiary AGA Precision Systems achieved AS9100 aerospace quality certification.
Dec 17	Clinical AI program	Positive	-29.7%	NorthStrive Biosciences advanced to Phase III of its AI drug discovery program.
Dec 04	Equity stake highlight	Positive	-4.1%	Company highlighted its equity investment as partner GEVI uplisted to NYSE American.
Oct 30	ITAR registration	Positive	+3.3%	AGA Precision Systems obtained ITAR registration enabling defense and aerospace work.
Oct 28	Manufacturing acquisition	Positive	+0.7%	Subsidiary AGA Precision Systems acquired Indarg Engineering’s operating assets.

Pattern Detected

Recent corporate and strategic announcements have often been followed by negative price reactions, including prior reverse splits and operational milestones, indicating a pattern where news has not consistently translated into sustained share price strength.

Recent Company History

Over the last several months, PMGC Holdings (ELAB) pursued an acquisition-led strategy and regulatory positioning while repeatedly adjusting its capital structure. Key steps included the Indarg Engineering acquisition on Oct 28, 2025, ITAR registration for AGA Precision Systems on Oct 30, 2025, and AS9100 certification on Dec 22, 2025. The company also highlighted its equity stake in General Enterprise Ventures. Despite these developments, several announcements were followed by negative 24-hour price moves, framing the context for the newly announced reverse stock split.

Market Pulse Summary

This announcement details a 1-for-4 reverse stock split that will reduce outstanding common shares from about 2,034,882 to 508,721 while keeping overall shareholder equity unchanged. The move follows multiple reverse splits in 2025, highlighting continued focus on share structure and listing standards. Investors may track how this affects liquidity, warrant and equity plan adjustments, and whether subsequent operational progress alters the pattern of weak price responses seen after prior corporate actions.

Key Terms

reverse stock split financial

"today announced that it will effect a 1-for-4 reverse stock split (the “Split”)"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

CUSIP financial

"the Common Stock will be designated a new CUSIP number 73017P409"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

warrants financial

"underlying outstanding warrants and the exercise price of the outstanding warrants"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

AI-generated analysis. Not financial advice.

NEWPORT BEACH, Calif., Jan. 02, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (NASDAQ: ELAB) (“PMGC” or the “Company”) today announced that it will effect a 1-for-4 reverse stock split (the “Split”) of its issued and outstanding and authorized common stock, par value $0.0001 per share (“Common Stock”), effective at 9:00 am, Eastern time, on January 6, 2026.

Key Details of the Reverse Stock Split:

• Conversion Ratio: Every 4 shares of issued and outstanding Common Stock will be consolidated into one share of Common Stock, and every 4 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 “ELAB,” the Common Stock will be designated a new CUSIP number 73017P409.
• 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 508,721 shares of common stock issued and outstanding immediately following the anticipated reverse stock split on January 6, 2026. The Company anticipates that there will be approximately 2,034,882 shares of common stock issued and outstanding immediately prior to the anticipated reverse stock split on January 6, 2026.

Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” 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’ filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s 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’s web site at www.sec.gov. 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.

IR Contact:
IR@pmgcholdings.com

FAQ

What reverse stock split did PMGC Holdings (ELAB) announce and when does it take effect?

PMGC Holdings announced a 1-for-4 reverse stock split effective January 6, 2026 at 9:00 AM ET.

How many shares of ELAB will be outstanding after the January 6, 2026 reverse split?

The company anticipates approximately 508,721 shares outstanding immediately following the split.

Will PMGC Holdings change its trading symbol after the reverse split (ELAB)?

No; the trading symbol will remain ELAB, but the CUSIP will change to 73017P409.

How will the reverse split affect PMGC Holdings share awards, options, and warrants?

Outstanding stock awards, options, reserved plan shares, and warrant shares and exercise prices will be adjusted proportionally to reflect the 1-for-4 split.

What happens to fractional shares from the ELAB reverse split?

Shareholders entitled to fractional shares will receive one full share for each fractional portion as described by the company.

How can ELAB certificate holders exchange physical stock certificates after the split?

Certificate holders can exchange them through transfer agent VStock Transfer, LLC, which will provide instructions.