PMGC Holdings (NASDAQ: ELAB) completes 3.5-for-1 reverse stock split action
Rhea-AI Filing Summary
PMGC Holdings Inc. approved a 3.5-for-1 reverse stock split of its common stock, effective September 2, 2025 at 9:30 a.m. Eastern time. Every 3.5 issued and outstanding shares of common stock were automatically combined into one share, with no action required from stockholders.
Following the change, the company’s authorized common stock became 81,632,654 shares and total authorized capital stock became 581,632,654 shares, including 500,000,000 authorized preferred shares. The common stock continues to trade on The Nasdaq Capital Market under the symbol ELAB, but now carries a new CUSIP number, 73017P300.
No fractional shares were issued; stockholders received one whole share in place of any fractional interest. The company proportionally adjusted the number of shares underlying outstanding stock awards, options, warrants and equity plan reserves, as well as the exercise prices of outstanding warrants, so that these instruments align with the post-split share count.
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Insights
PMGC consolidates its share count via a 3.5-for-1 reverse split.
PMGC Holdings Inc. implemented a 3.5-for-1 reverse stock split of its common stock, effective when trading opened on
The amendment also reset the authorized share levels, with authorized common stock at 81,632,654 shares and total authorized capital stock at 581,632,654 shares, including 500,000,000 preferred shares. The company kept its Nasdaq symbol ELAB but assigned a new CUSIP, and it did not issue fractional shares, instead providing one whole share in lieu of any fraction.
Equity-linked instruments were brought in line with the new structure by proportionally adjusting the number of shares underlying outstanding stock awards, options, warrants, and plan reserves, and by adjusting warrant exercise prices. This helps preserve the economic terms of these instruments after the reverse split, so existing holders’ proportional interests are maintained in share and option terms.
FAQ
What corporate action did PMGC Holdings Inc. (ELAB) announce in this 8-K?
PMGC Holdings Inc. announced a 3.5-for-1 reverse stock split of its common stock. Every 3.5 issued and outstanding shares of common stock were automatically combined into one share at the effective time.
When did the PMGC Holdings (ELAB) reverse stock split take effect?
The reverse stock split became effective on September 2, 2025 at 9:30 a.m. Eastern Standard Time, and the common stock began trading on a split-adjusted basis on that date.
How did the reverse stock split affect PMGC Holdings’ authorized share counts?
After the amendment, PMGC Holdings was authorized to issue 81,632,654 shares of common stock and a total of 581,632,654 shares of capital stock, including 500,000,000 shares of preferred stock. Previously, it was authorized to issue 285,714,286 shares of common stock and 500,000,000 shares of preferred stock.
What happened to fractional shares in the PMGC Holdings (ELAB) reverse split?
No fractional shares were issued in the reverse stock split. Instead, stockholders received one whole share of common stock in lieu of any fractional share they would otherwise have been entitled to.
Did the Nasdaq ticker or CUSIP for PMGC Holdings common stock change after the split?
The common stock continued to trade on The Nasdaq Capital Market under the ticker symbol ELAB. However, it was assigned a new CUSIP number, 73017P300, following the reverse split.
How were PMGC Holdings’ options, warrants, and equity awards affected by the reverse split?
To reflect the reverse split, PMGC Holdings proportionally adjusted the number of shares of common stock underlying outstanding stock awards, options, equity incentive plan reserves, and warrants, and also proportionally adjusted the exercise prices of its outstanding warrants.