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PMGC Holdings (NASDAQ: ELAB) completes 3.5-for-1 reverse stock split action

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

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.

Positive

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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 September 2, 2025. Each 3.5 issued and outstanding common shares were combined into one, while the par value remained $0.0001 per share. This kind of action reduces the number of shares outstanding and typically increases the trading price per share in mechanical terms, without changing the company’s overall equity value.

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.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 28, 2025

 

PMGC Holdings Inc.
(Exact name of registrant as specified in its charter)

 

Nevada   001-41875   33-2382547
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

c/o 120 Newport Center Drive, Ste. 249
Newport Beach, CA
  92660
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (888) 445-4886

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value   ELAB   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 3.03 Material Modification to Rights of Security Holders.

 

To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

 

Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On August 28, 2025, PMGC Holdings Inc. (the “Company”) filed a Certificate of Amendment to the Company’s Articles of Incorporation, as amended (the “Certificate of Amendment”), to effect a 3.5-for-1 reverse stock split (the “Split”) of the shares of the Company’s authorized, issued, and outstanding shares of common stock, par value $0.0001 per share (“Common Stock”), such Split to be effective on September 2, 2025 at 9:30 a.m. Eastern Standard Time (the “Effective Time”).

 

The Certificate of Amendment provided that at the Effective Time, every 3.5 shares of the Company’s issued and outstanding Common Stock would be automatically combined, without any action on the part of the holder thereof, into one share of Common Stock. The Certificate of Amendment also provided that the Company’s authorized shares of Common Stock would be 81,632,654 and the authorized shares of capital stock would be 581,632,654 (81,632,654 shares of Common Stock and 500,000,000 shares of preferred stock par value $0.0001 per share (“Preferred Stock”)). Prior to the Effective Time, the Company was authorized to issue 285,714,286 shares of Common Stock and 500,000,000 shares of Preferred Stock.

 

The Common Stock began trading on a Split-adjusted basis on The Nasdaq Capital Market when the market opened on September 2, 2025. The trading symbol for the Common Stock remained “ELAB” after the Split. The Common Stock was assigned a new CUSIP number (73017P300) following the Split.

 

The Split had no effect on the par value of the Common Stock. No fractional shares were issued in connection with the Split and stockholders received one share of Common Stock in lieu of a fractional share.

 

To reflect the Split, the Company proportionally adjusted the number of shares of Common Stock (i) underlying its outstanding stock awards, (ii) underlying its outstanding options, (iii) reserved under its equity incentive plan, (iv) underlying its outstanding warrants, and (v) proportionally adjusted the exercise price of its outstanding warrants.

 

A copy of the Certificate of Amendment is filed hereto as Exhibit 3.1 and is incorporated herein by reference.

 

Item 8.01. Other Information.

 

On August 28, 2025, the Company issued a press release announcing the Split. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information presented in Item 8.01 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
3.1   Certificate of Amendment filed on August 28, 2025.
99.1   Press Release dated August 28, 2025.
104   Cover Page Interactive Data File (formatted in Inline XBRL).

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 4, 2025

 

PMGC Holdings, Inc.  
     
By: /s/ Graydon Bensler  
Name:   Graydon Bensler  
Title: Chief Executive Officer and Chief Financial Officer  

 

 

2

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.

PMGC Holdings

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