PMGC Holdings Inc. Announces Strategic Share Acquisition in Australian Space Technology Company Orbit2Orbit
The investment adds commercial-space exposure alongside PMGC’s U.S. precision manufacturing platform serving aerospace, defense and space customers.
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Rhea-AI Summary
PMGC Holdings (NASDAQ: ELAB) has completed a common-share investment in Australian space technology company Orbit2Orbit through its investment arm, PMGC Capital.
The subscription was part of Orbit2Orbit’s private placement financing connected with its proposed Canadian Securities Exchange listing through a reverse takeover transaction. Orbit2Orbit develops in-space logistics and infrastructure. The investment expands PMGC’s exposure to the commercial space economy alongside its U.S. precision manufacturing platform, which serves aerospace, defense and space customers.
PMGC believes space-sector growth is increasing demand for U.S.-based manufacturing and engineering of spacecraft components and flight hardware. The company plans to continue building these capabilities across its manufacturing sites.
Positive
- Minor pointOrbit2Orbit common-share subscription completed, expanding PMGC’s exposure to commercial space technologies.
- Minor point. Forward-looking: it has not happened yet and may not happen.PMGC plans to expand manufacturing capabilities for spacecraft components and flight hardware across its sites.
Negative
- Minor pointOrbit2Orbit’s Canadian Securities Exchange listing remains proposed through a reverse takeover transaction tied to the financing.
Historical Context
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A non-binding term sheet proposed a CAD $200,000 equity subscription at CAD $0.80 per share.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
private placement financial
reverse takeover regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWPORT BEACH, Calif., Nov. 10, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (NASDAQ: ELAB) (“PMGC” or the “Company”), a diversified public holding company, announces that PMGC Capital LLC, the Company’s investment arm, has completed a subscription for common shares in Orbit2Orbit Pty Ltd (“Orbit2Orbit”), an Australian space technology company developing in-space logistics and infrastructure. The investment was made as part of Orbit2Orbit’s private placement financing in connection with its proposed listing on the Canadian Securities Exchange through a reverse takeover (“RTO”) transaction.
As commercial space activities continue to expand, the demand for innovative in-space logistics and infrastructure solutions is creating new opportunities across the sector. PMGC Capital LLC’s investment in Orbit2Orbit reflects the Company’s interest in emerging space technologies and its strategy of pursuing strategic investments in innovative businesses with long-term growth potential.
The investment supports PMGC’s strategy of expanding its exposure to the commercial space economy alongside its U.S. precision manufacturing platform, which serves aerospace, defense and space customers. PMGC believes growth in the space sector is increasing demand for U.S.-based precision manufacturing and engineering of spacecraft components and flight hardware, and the Company plans to continue building these capabilities across its manufacturing sites.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value.
For more information, please visit www.pmgcholdings.com
About PMGC Capital LLC
A multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. Our mission is to identify and seize high-potential opportunities, delivering sustainable growth and maximizing returns on capital.
About Orbit2Orbit
Orbit2Orbit is an Australia-based space logistics infrastructure company developing in-space logistics services and supporting hardware in Low Earth Orbit. Headquartered on the Gold Coast, Queensland, Orbit2Orbit is addressing the absence of a persistent station-to-station logistics capability in orbit through a staged roadmap: its Lab2Space program, which provides stratospheric and suborbital test-flight services to payload customers using standardized payload housing and interface systems; Mission 0, a small orbital demonstrator vehicle designed to validate controlled orbital operations and rendezvous, proximity operations, and docking; and Mission 1, a planned reusable orbital vehicle supporting payload transport, deployment, retrieval, inspection, and refueling between in-orbit assets.
For more information, please visit https://orbit2orbit.space.
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’s 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, 2025, filed with the SEC on March 30, 2026, 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.
Investor Relations Contact
Email: IR@pmgcholdings.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What investment did PMGC Holdings (ELAB) complete in Orbit2Orbit?
PMGC Capital completed a subscription for common shares in Orbit2Orbit, an Australian developer of in-space logistics and infrastructure. The investment was part of private placement financing connected with Orbit2Orbit’s proposed Canadian Securities Exchange listing through a reverse takeover transaction.