PMGC Holdings targets drone prototype by June 2027
The maritime technology presentation lists three hardware-validation tests and prototype milestones targeted through June 2027.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
PMGC Holdings Inc. (ELAB) furnished investor and maritime defense technology presentations intended for use from time to time. The investor presentation describes NorthStrive Holdings as a diversified holding company focused on acquiring cash-flow-positive businesses and reports five acquisitions and one platform merger following a strategy set in 2025. Its portfolio spans manufacturing, packaging, defense technology, biotechnology, and investments. The presentation also says its sponsored NorthStrive Acquisition Corp. I, a separate SEC registrant, completed a $100 million initial public offering in August 2026 and is seeking a business combination within 12 months of the IPO.
NorthStrive Defense Tech's presentation describes an exclusive license to patented drone payload technology from Florida State University Research Foundation, Inc. Prototype development is underway under a sponsored research agreement; prototype design, fabrication, and full-scale testing are targeted for completion by June 2027, and milestones are targets subject to change. The biotechnology presentation says EL-22 completed Phase 1 in South Korea and reports FDA feedback that the data appear adequate to support a Phase 2 trial in the U.S. The presentations state that some financial information is unaudited.
8-K Event Classification
Key Figures
Key Terms
cash-flow-positive financial
sponsored research agreement technical
state estimator technical
Phase 2 IND regulatory
FAQ
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How will ELAB validate the drone system's state estimator?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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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:
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| The |
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).
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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 7.01 Regulation FD Disclosure.
On October 28, 2026, PMGC Holdings Inc. (the “Company”) has prepared a slide deck that the Company intends to use in presentations from time to time (the “Presentation”). The Presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Additionally, the Company has prepared a deck related to its Maritime Defense Technology that it intends to use in presentations (the Maritime Presentation”) from time to time. The Maritime Presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1 shall not be deemed “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, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Investor Presentation | |
| 99.2 | Maritime Presentation | |
| 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: October 28, 2026
| PMGC Holdings, Inc. | ||
| By: | /s/ Graydon Bensler | |
| Name: | Graydon Bensler | |
| Title: | Chief Executive Officer | |
2
Exhibit 99.1
OCTOBER 2026 HOLDINGS PMGC HOLDINGS INC. DOING BUSINESS AS NORTHSTRIVE HOLDINGS INC.
LEGAL DISCLAIMER Important Information for Investors This presentation (together with any accompanying oral or written communications, this "Presentation") has been prepared by PMGC Holdings Inc., doing business as NorthStrive Holdings (the "Company") solely for information purposes and does not constitute investment or legal advice. You should consult your own legal, regulatory, tax, business, financial and accounting advisors concerning the matters descri be d herein. No Offer or Solicitation This Presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy or a recommendation to purchase any security, nor is it a solicitation of a proxy, consent or authorization with respect to any securities transaction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law . Forward -Looking Statements This Presentation contains forward -looking statements and forward -looking information (collectively, "forward -looking statement s") within the meaning of applicable securities laws. All statements other than statements of present or historical fact are forward -looking statements. Such statements may be, but are not always, identified by words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may", "projected", "sustain", "continue", "strategy", "potential", "project", "grow", "advantage", "estimate", "intend", "plan", "g oal", or similar words suggesting future outcomes. Forward -looking statements herein relate to the plans, strategy, objectives and other aspects of the anticipated future operations and the financial, development and operati ng plans and results of the Company and include statements regarding, among others, the future financial performance of the Company, contractual arrangements relating to future operations, scheduled operationa l activities during 2026 and beyond. Such forward -looking statements are based on expectations and assumptions of the Company, including: ( i) anticipated financial performance; (ii) estimates of capital and operating costs; (iii) business prospects and strategies; (iv ) regulatory developments; (v) exchange rates; (vi) tax laws; (vii) the sufficiency of budgeted capital expenditures in carrying out planned activities; (v iii) the availability and cost of labor and services; and (ix) the ability to obtain financing on acceptable terms. Forward -looking statements involve inherent risks and uncertainties (both general and specific) and risks that such statements w ill not be achieved. Undue reliance should not be placed on such statements, as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectat ions and anticipations, estimates and intentions expressed in the forward -looking statements, including: ( i) the inability to meet current and future obligations; (ii) the inability to implement the Company's business strategy effec tively; (iii) general economic and market factors, including business competition and changes in government regulations; (iv) access to capital markets; (v) changes to interest and currency excha nge rates; (vi) technological developments; (vii) general political and social uncertainties; delay or failure to receive regulatory approvals; (viii) timing and availability of external financing on acce pta ble terms; (ix) availability of qualified skilled labor or loss of key individuals; (x) the outcome of any legal, regulatory or governmental proceedings that may be instituted against the Company; (xi) limited liquidity and t rading of the Company's securities; (xii) geopolitical risk and changes in applicable laws or regulations; (xiii) the possibility that Company may be adversely affected by other economic, business, and/or competitive fa cto rs; (xiv) the possibility that pandemics or another major disease disrupts the Company's business; and (xv) litigation and regulatory enforcement risks, including the diversion of management time and atte ntion and the additional costs and demands on Company's resources. The foregoing list of factors is not exhaustive. The Company operates in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It i s n ot possible for the Company's management to predict all risks, nor can it assess the impact of all factors on its business or the extent to which any facto r , or combination of factors, may cause actual results to differ materially from those contained in any forward -looking statements the Company may make. Although the Company's management believes that the expectatio ns reflected in its forward -looking statements are reasonable, the Company and its representatives cannot guarantee that the future results, levels of activity, performance or events and circumstances de scribed in the forward -looking statements will be achieved or occur. The recipient is cautioned against relying on any forward -looking statements, which speak only as of the date made. The Company undertakes no com mitment to update or revise the forward -looking statements, whether as a result of new information, future events or otherwise, except as required by law. Financial Information. Certain financial information in this presentation is unaudited. Subsidiary -level figures presented as of acquisition are derive d from seller -provided records and have not been audited by the Company's independent registered public accounting firm. Past performance is not indicative of future results. Industry and Market Data. Statements regarding industries, markets and customers are based on management's beliefs and on publicly available informatio n that the Company has not independently verified. Trademarks. All trademarks, service marks, logos and company names referenced in this presentation are the property of their respective o wne rs and are used for identification purposes only. Their use does not imply any affiliation with, or endorsement by, those owners. NorthStrive Holdings | Holdings Overview | October 2026
We acquire, operate, and grow American businesses PMGC Holdings Inc. dba NorthStrive Holdings Inc. (Nasdaq: ELAB) is a Newport Beach -based diversified holding company that acquires cash -flow -positive businesses. Through our wholly owned subsidiaries, we also acquire and develop defense technology and biotechnology assets. We are the corporate sponsor to NorthStrive Acquisition Corp I, a $100 million Nasdaq -listed SPAC. Publicly traded Acquisitions since July 2025 NASDAQ: ELAB 5 PMGC Holdings Inc., doing business as NorthStrive Holdings. Plus one platform merger: AGA Precision Systems into A&B Aerospace. SPAC sponsored $100M NorthStrive Acquisition Corp I (Nasdaq: NSAIU). IPO completed August 2026. FIRM OVERVIEW NorthStrive Holdings | Holdings Overview | October 2026
How we acquire and build WHAT WE BUY HOW WE BUILD HOW WE UNDERWRITE PEOPLE FIRST We acquire established, cash -flow - positive B2B manufacturing and specialized service businesses with high barriers to entry, long -standing customer relationships, and strong competitive moats. We favor companies with deeply embedded customers, high switching costs, and proven reputations that are difficult for competitors to replicate. We strengthen our businesses through continuous improvement, operational efficiency, and disciplined execution. By implementing proven management practices and centralized back -office services, including accounting, finance, legal, and HR, we allow operating teams to focus on serving customers, improving performance, and driving growth. We strive for a five -year payback on invested capital; if it does not clear that, we do not do it. Quality of earnings and financial diligence by our in -house team. Structures that keep sellers aligned: seller notes, rollover and earn -outs. Conservative leverage. We invest in our people. We believe people are the foundation of every successful business. We invest in the employees, leadership teams, and cultures that make our companies great, preserving institutional knowledge and legacy while creating opportunities for growth, advancement, and long -term success. We acquire established, cash -flow -positive businesses with strong foundations and long -term potential. Guided by a permanent -capital philosophy, we take a disciplined approach to valuation, offer flexible transaction structures, and preserve founder legacies. Following every acquisition, we actively support each business with capital, operational expertise, and strategic resources to drive sustainable growth and long -term value creation. FIRM OVERVIEW NorthStrive Holdings | Holdings Overview | October 2026
JUL 2025 JUL 2025 Pacific Sun Packaging, Inc. AGA Precision Systems LLC DATE COMPANY Growth through acquisitions At the start of 2025, our new management team set one strategy: growth through acquisition. Five acquisitions and one platform merger have followed. Our acquisitions span protective packaging, precision machining manufacturing. We target founder -led businesses with tenured workforces, established customer relationships, and room to grow under new investment. We move quickly, underwrite conservatively, and stay involved after closing. OCT 2025 Indarg Engineering Inc. (asset purchase by AGA) FEB 2026 SVM Machining, Inc. MAY 2026 JUL 2026 A&B Aerospace, Inc. AGA merged into A&B FIRM OVERVIEW NorthStrive Holdings | Holdings Overview | October 2026
Great customers, growing industries, durable cash flow BLUE -CHIP CUSTOMERS RECURRING CASH FLOW GROWING INDUSTRIES ROOM FOR GROWTH Our companies serve blue -chip customers across aerospace, defense, space, industrial, and other specialized sectors, delivering high -quality products, mission -critical components, and tailored manufacturing solutions. Legacy businesses with decades of operating history, long customer relationships, and recurring production work, bought on a disciplined payback basis. Aerospace, defense, space, medical, semiconductors, and data centers are driving multi -year investment cycles in the U.S., creating significant opportunities for American manufacturers as demand for domestic production and specialized capabilities accelerates. Founder -led businesses with untapped growth potential due to underinvestment in equipment, people, automation, and operational systems. Our capital, expertise, and operating teams unlock the next stage of growth. We own and seek to acquire established manufacturing and service businesses with high barriers to entry, blue -chip customer relationships, and a long -standing history of operational excellence and strong industry reputations. FIRM OVERVIEW INVESTING IN AMERICAN MANUFACTURING Aerospace Defense Medical Semiconductor Packaging Space NorthStrive Holdings | Holdings Overview | October 2026
Portfolio Overview PORTFOLIO NorthStrive Holdings | Holdings Overview | October 2026 CNC precision machining company in Newark, California, founded in 1997. Complex, tight - tolerance parts from prototype through full production across medical, aerospace, semiconductor and transportation. Custom IT packaging company in San Clemente, California serving data center, semiconductor, and IT hardware customers. Acquired July 2025. Precision machining company in Azusa, California, founded in 1948, serving aerospace and defense customers. Merged with AGA Precision Systems in July 2026. The platform company for our aerospace and defense manufacturing business . Licenses and commercializes patented drone and autonomous - systems technology for defense applications. SVM Machining, Inc. Pacific Sun Packaging, Inc. A&B Aerospace, Inc. NorthStrive Defense Tech LLC Multi-strategy investment subsidiary: public and private investments and structured financing. Biopharmaceutical subsidiary focused on obesity and cardiometabolic disease, with an emphasis on preserving muscle during weight loss. Nasdaq -listed SPAC focused on aerospace, defense, precision manufacturing, and adjacent industrial sectors. PMGC Capital LLC NorthStrive Biosciences Inc. NorthStrive Acquisition Corp I.
Precision machining since 1997 SVM Machining, Inc. (dba Silicon Valley Mfg.) is a Newark, California CNC machining company founded in 1997, specializing in complex, tight -tolerance parts from prototype through full production. Acquired February 2026. ±0.0001" 24/7 ISO 9001 Routine tolerance, down to ±0.00005". Lights -out machining for high -volume production. Certified quality system. Capabilities Markets Served 5-axis CNC milling and turning on multi -axis Nakamura -Tome lathes. High -speed Matsuura and Mori Seiki mills with Renishaw probes for in -process inspection. CMM inspection. Exotic materials: titanium, Invar 36, 316 stainless, Kovar, plastics and machinable ceramics. PORTFOLIO AS9100D and ITAR Certified Certified September 2026. NorthStrive Holdings | Holdings Overview | October 2026 Medical Devices & Equipment Biotechnology & Life Sciences Semiconductors Diagnostic & Laboratory Equipment Pharmaceutical Manufacturing Aerospace & Defense
Founded in 1948, Eight decades of aerospace precision machining A&B Aerospace, Inc. is a precision machining company in Azusa, California, founded in 1948, producing high tolerance parts and assemblies for aerospace and defense customers. Acquired May 2026; the platform company for our aerospace and defense manufacturing business. 23 CNC MACHINE TOOLS ±0.0001" AS9100 Turning centers and vertical machining centers, including full 5 -axis. Tolerance on metal and non -metal materials. Also ISO 9001 certified for aerospace components machining. Capabilities Customers In-house centerless grinding, precision honing and precision deburring. Aluminum, stainless steel, titanium, superalloys and plastics. Advanced CAD/CAM and ERP systems for on-time delivery of parts and assemblies to print. Tier 1 customers: Long -standing relationships with Honeywell, Boeing and Moog. Ready inventory: Thousands of completed parts, fully traceable, for just -in-time shipments and long -term purchasing agreements. Our platform: A&B is the platform company for our aerospace and defense precision manufacturing business. PORTFOLIO NorthStrive Holdings | Holdings Overview | October 2026
Protective packaging for electronics Pacific Sun Packaging, Inc. designs and supplies ESD -safe trays and protective packaging for delicate electronic components. Founded in 2011 and based in San Clemente, California, it serves semiconductor, data center, and networking supply chains. Our first acquisition, July 2025. PORTFOLIO 300+ COMMERCIAL CLIENTS ESD-SAFE CUSTOM Including data centers, technology manufacturers and IT service providers. Trays and protective packaging for sensitive components. OEM packaging designed to each customer's requirements. Products Clients Memory modules (DIMM and SO -DIMM), plus USB and flash memory. CPUs. Solid state and hard disk drives (SSD and HDD). Fiber -optic transceivers. Custom OEM packaging in retail or bulk formats, plus shipping supplies. How we sell: Through OEMs, distributors and contract manufacturers. Where we fit: The semiconductor, data center and networking equipment supply chains. Customers include: Iron Mountain, Amazon, and many of the leading data center operators. SELECTED CUSTOMERS NorthStrive Holdings | Holdings Overview | October 2026
U.S. Patent No. 12,291,334, licensed from the Florida State University Research Foundation. A drone potentially tows a cable -suspended payload across air and water. Buoyancy -assisted transport improves payload efficiency over air -only drones. Applications include littoral and riverine logistics, autonomous resupply in remote environments, sensor deployment. The Florida State University Research Foundation is designing and fabricating a prototype under a sponsored research agreement. Exclusive, worldwide, sublicensable rights in aerospace and defense for the life of the patent. Autonomous systems for defense NorthStrive Defense Tech LLC identifies, acquires, and commercializes advanced defense technologies, with an emphasis on drone and autonomous systems. ACQUIRED Drone payload patent. Definitive license signed in July 2026. Multi-Media Parcel Transportation System PORTFOLIO NorthStrive Holdings | Holdings Overview | October 2026
Advancing Innovation in Metabolic Health NorthStrive Biosciences Inc. is a biopharmaceutical subsidiary focused on obesity and cardiometabolic disease, with an emphasis on preserving muscle during weight loss. Our lead asset has completed Phase 1, and FDA feedback supports a path to a Phase 2 IND. PHASE 1 COMPLETE 4 VALIDATED HITS EXCLUSIVE EL -22, our lead asset: a first -in-class oral probiotic. MitoNova AI program with Yuva Biosciences, July 2026. Field of use in cardiac diseases and obesity through our AI discovery work. PORTFOLIO Pipeline DISCOVERY PRECLINICAL PHASE 1 PHASE 2 STATUS EL-22 Oral myostatin -engineered probiotic; muscle preservation on GLP -1 therapies. Phase 1 completed in South Korea. FDA feedback: data appear adequate to support a Phase 2 trial in the US. In - licensed from MOA Life Plus. EL-32 Dual myostatin and activin -A probiotic; muscle and metabolic health. Preclinical study initiated March 2026. Working cell bank at a US fermentation facility; process development toward IND - enabling work. MitoNova AI program Small molecules for obesity and cardiometabolic disease (Yuva Biosciences). Phase III validation complete, July 2026: four candidates (C1 to C4) active in human skeletal muscle cells. Expansion program under way. Animal health EL -22 and EL -32 products for animal health, licensed to Modulant Biosciences. Definitive exclusive, royalty -bearing worldwide license signed February 2026. We retain all human therapeutic rights and receive royalties. Development stages as disclosed in the Company's SEC filings and press releases. No assurance that any candidate will receive regulatory approval. NorthStrive Holdings | Holdings Overview | October 2026
Extending the strategy into a SPAC franchise $100M 12 Month Nasdaq: NSAI SECTOR FOCUS Held in trust following the initial public offering. Unit structure and trust per unit per the final prospectus. NorthStrive Acquisition Corp I. is targeting the identification, negotiation, and completion of a business combination within 12 months of its August 2026 IPO. Units listed on the Nasdaq Global Market Aug. 19, 2026. Aerospace and defense, precision manufacturing and adjacent industrial sectors, where our operating team adds value. PMGC Holdings sponsors NorthStrive Acquisition Corp I (Nasdaq: NSAIU) through NorthStrive Sponsor I LLC. The SPAC completed its $100 million initial public offering in August 2026 and is searching for a business combination in aerospace, defense, precision manufacturing and adjacent industrial sectors. Our in -house M&A team sources, diligences and supports the SPAC, and the public company reporting discipline we run at PMGC carries over. NorthStrive Acquisition Corp I is a separate SEC registrant. Refer to its filings at www.sec.gov . This slide is not an offer of its securities. SPAC NorthStrive Holdings | Holdings Overview | October 2026
PMGC Holdings Inc. dba NorthStrive Holdings Inc. Nasdaq: ELAB USA Office : Newport Beach, California, 92660 Canada Office: Vancouver, BC, V6B 1N2, Canada Investor relations: IR@pmgcholdings.com www.pmgcholdings.com | SEC filings: www.sec.gov HOLDINGS
Exhibit 99.2
October 2026
October 2026 LEGAL DISCLAIMER Important Information for Investors This presentation (together with any accompanying oral or written communications, this "Presentation") has been prepared by PMGC Holdings Inc., doing business as NorthStrive Holdings (the "Company") on behalf of its wholly-owned subsidiary NorthStrive Defense Tech LLC, solely for information purposes and does not constitute investment or legal advice. You should consult your own legal, regulatory, tax, business, financial and accounting advisors concerning the matters described herein. No Offer or Solicitation This Presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy or a recommendation to purchase any security, nor is it a solicitation of a proxy, consent or authorization with respect to any securities transaction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. Forward-Looking Statements This Presentation contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements other than statements of present or historical fact are forward-looking statements. Such statements may be, but are not always, identified by words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may", "projected", "sustain", "continue", "strategy", "potential", "project", "grow", "advantage", "estimate", "intend", "plan", "goal", or similar words suggesting future outcomes. Forward-looking statements herein relate to the plans, strategy, objectives and other aspects of the anticipated future operations and the financial, development and operating plans and results of the Company and include statements regarding, among others, the future financial performance of the Company, contractual arrangements relating to future operations, scheduled operational activities during 2026 and beyond. Such forward-looking statements are based on expectations and assumptions of the Company, including: (i) anticipated financial performance; (ii) estimates of capital and operating costs; (iii) business prospects and strategies; (iv) regulatory developments; (v) exchange rates; (vi) tax laws; (vii) the sufficiency of budgeted capital expenditures in carrying out planned activities; (viii) the availability and cost of labor and services; and (ix) the ability to obtain financing on acceptable terms. Forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks that such statements will not be achieved. Undue reliance should not be placed on such statements, as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in the forward-looking statements, including: (i) the inability to meet current and future obligations; (ii) the inability to implement the Company's business strategy effectively; (iii) general economic and market factors, including business competition and changes in government regulations; (iv) access to capital markets; (v) changes to interest and currency exchange rates; (vi) technological developments; (vii) general political and social uncertainties; delay or failure to receive regulatory approvals; (viii) timing and availability of external financing on acceptable terms; (ix) availability of qualified skilled labor or loss of key individuals; (x) the outcome of any legal, regulatory or governmental proceedings that may be instituted against the Company; (xi) limited liquidity and trading of the Company's securities; (xii) geopolitical risk and changes in applicable laws or regulations; (xiii) the possibility that Company may be adversely affected by other economic, business, and/or competitive factors; (xiv) the possibility that pandemics or another major disease disrupts the Company's business; and (xv) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on Company's resources. The foregoing list of factors is not exhaustive. The Company operates in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for the Company's management to predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor , or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. Although the Company's management believes that the expectations reflected in its forward-looking statements are reasonable, the Company and its representatives cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. The recipient is cautioned against relying on any forward-looking statements, which speak only as of the date made. The Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Financial Information Certain financial information in this presentation is unaudited. Subsidiary-level figures presented as of acquisition are derived from seller-provided records and have not been audited by the Company's independent registered public accounting firm. Past performance is not indicative of future results. Industry and Market Data Statements regarding industries, markets and customers are based on management's beliefs and on publicly available information that the Company has not independently verified. Trademarks. All trademarks, service marks, logos and company names referenced in this presentation are the property of their respective owners and are used for identification purposes only. Their use does not imply any affiliation with, or endorsement by, those owners. 2
October 2026 ABOUT NorthStrive Defense Tech LLC, a wholly-owned subsidiary of PMGC Holdings Inc. (dba NorthStrive Holdings Inc.), is positioned to capitalize on growing opportunities across the defense technology sector. Rising global defense spending, increasing demand for domestically developed technologies, and the accelerating adoption of autonomous systems create a compelling market opportunity for the company's long-term development and commercialization strategy. 3 CURRENT FOCUS NorthStrive Defense Tech LLC is a defense technology subsidiary focused on identifying, licensing, developing, and commercializing innovative technologies with applications across the defense sector. Through acquisitions and partnerships with research institutions and technology developers, the company seeks to advance promising intellectual property from early-stage development toward commercial deployment. Its current technology under development is a patented multi-domain drone payload system, exclusively licensed from the Florida State University Research Foundation (U.S. Patent No. 12,291,334), with potential applications in maritime logistics, autonomous resupply, and sensor deployment.
October 2026 Drone systems that work across air and water U.S. Patent No. 12,291,334. The Florida State University Research Foundation, Inc. A drone that tows a cable-suspended payload through water while while staying in flight above the surface, using buoyancy to cut energy energy use and improve payload efficiency. Today's single- domain domain systems cannot efficiently move payloads across both air air and and water. • Capabilities: air-and-water operation; buoyancy-assisted payload efficiency; access to coastal, riverine and flood-prone areas; carries sensors, equipment or supplies. • Applications: littoral and riverine logistics, autonomous resupply in remote environments, sensor deployment • Status: Prototype development underway under a sponsored research agreement with the FSU Research Foundation (June 2026 - June 2027). Exclusive license with know-how executed July 2026. Concept: the UAV stays in flight and tows a submerged, sensor-carrying payload along a payload along a prescribed path. 4
October 2026 PROTOTYPE HARDWARE Instrumented payload assembled, and cable-based sensor systems designed for testing. Aurelia X4 test drone • Aureliz X4 ~1 m drone acquired • Team includes a student licensed to fly commercial drones Instrumented test payload • Designed and built by the FSU team • Temperature and pressure sensing • Inertial measurement Inline cable sensors • Designed to detect cable shape • Temperature and pressure sensing • Inertial measurement 5
October 2026 SOFTWARE Major steps on key software challenges: simulation and state estimation "Digital twin" simulation • Drone design • Drone flight controller and planner • Closed-loop control of the cable-towed payload, in simulation State estimator, in simulation • Predicts payload position; compared with actual position • Uses only onboard sensors: inertial measurement and pressure • Predicts cable state 6
October 2026 TESTING Next: validate the state estimator on hardware against ground truth The state estimator has been built and run in simulation. Validating it on hardware uses two "fishing pole" ground-truth tests and a flight test with the drone. 1 In-air "dry fishing pole" test Ground truth, in air 2 In-water "wet fishing pole" test Ground truth, in water (pool) 3 Flight test with the drone Validation in flight In-air "dry fishing pole" test In-water pool test 7
October 2026 STATUS AND MILESTONES Prototype design, fabrication, and full-scale testing targeted for completion by June 2027. As of October 2026 Jun 2026 M1 Sep 1, 2026 Milestone 1 September 1, 2026 Project initiation. Preliminary experiments with nominal control for a small-scale drone dragging a payload through water. M2 Dec 1, 2026 Milestone 2 December 1, 2026 Completion of conceptual and mechanical design of the Phase 1 prototype. M3 Mar 1, 2027 Milestone 3 March 1, 2027 Procure components for the full-scale experiment (approx. 10 lb payload); fabricate required mechanical components. M4 Jun 1, 2027 Milestone 4 June 1, 2027 Integration, testing, and final written research report. 8 Milestones are targets only and subject to change. NorthStrive Defense Tech LLC makes no assurance that development will proceed on the timelines shown or that the technology will achieve commercial success.
October 2026 FLORIDA STATE UNIVERSITY RESEARCH TEAM INVENTORS Dr. Camilo Ordonez, Ph.D Mechanical & Aerospace Engineering Dr. Christian Hubicki, Ph.D Mechanical & Aerospace Engineering DEVELOPMENT TEAM Owen Hayes Cricket Skipper Marco Porcelli Ryan Kaczmarczyk Samuel Artecona Daniel Ardilla Cerrud Corey Stavres 9
October 2026 Website: www.northstrivedefense.com