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Braeden Lichti updates 7.4% PMGC (NASDAQ: ELAB) stake in filing

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Braeden Lichti and Northstrive Companies Inc. amend their ownership disclosure for PMGC Holdings Inc. They report beneficial ownership of 450,313 shares of Common Stock, representing 7.40% of the class, based on 5,631,282 shares outstanding on June 1, 2026.

The stake includes 32 shares of Common Stock held by Northstrive, 2 shares underlying options previously granted to Mr. Lichti and held by Northstrive, 2 shares underlying warrants held by BWL Investments Ltd., and 450,277 shares underlying options granted to Northstrive on June 1, 2026 as partial consideration for consulting services under the issuer’s 2025 Equity Incentive Plan.

The amendment also reflects that prior holdings were reassigned from other entities to Northstrive and adjusted for multiple reverse stock splits. Both reporting persons disclose zero sole voting or dispositive power and shared power over the reported shares.

Positive

  • None.

Negative

  • None.
Beneficial ownership 450,313 shares Common Stock of PMGC Holdings Inc. reported in Amendment No. 1
Ownership percentage 7.40% Percent of PMGC common stock class represented by 450,313 shares
Shares outstanding 5,631,282 shares Common Stock issued and outstanding on June 1, 2026
New options to Northstrive 450,277 shares Common Stock underlying options granted June 1, 2026
Northstrive common shares 32 shares Common Stock held by Northstrive Companies Inc.
Option shares from prior grant 2 shares Common Stock underlying options previously granted to Mr. Lichti, held by Northstrive
Warrant shares 2 shares Common Stock underlying warrants held by BWL Investments Ltd.
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 450,313.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
reverse stock splits financial
"The Issuer underwent multiple reverse stock splits since the filing of the"
A reverse stock split is when a company combines multiple existing shares into fewer higher-priced shares—like trading four small slices of a pie for one larger slice. It doesn’t change the overall value of an investor’s holdings immediately, but it raises the per-share price and can matter to investors because it can affect market perception, stock exchange listing eligibility, and trading liquidity, and it changes share counts used in investor metrics.
Sole Voting Power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Shared Dispositive Power financial
"10 | Shared Dispositive Power 450,313.00"
Equity Incentive Plan financial
"pursuant to the Issuer's 2025 Equity Incentive Plan, as amended"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
consultant services financial
"partial consideration for consultant services provided to the Issuer through Northstrive Companies Inc."
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73017P508

(CUSIP Number)
Ross. D. Carmel, Esq.
1185 Avenue of the Americas, 26th Floor,
New York, NY, 10036
(212) 930-9700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 4: Mr. Lichti used personal funds for consideration of common stock previously reported in the Schedule 13D. The Issuer underwent multiple reverse stock splits since the filing of the Schedule 13D, and the beneficially owned amounts of shares reported in this Amendment No. 2 reflect amounts on a post-split basis. The options granted to Northstrive Companies Inc., an entity wholly owned by Mr. Lichti, on June 1, 2026 were partial consideration for consultant services provided to the Issuer through Northstrive Companies Inc. Such options are reported in Mr. Lichti's Form 4 filed with the SEC on June 2, 2026. Rows 8, 10, and 11: Includes (i) 2 shares of common stock, par value $0.0001 per share ("Common Stock") underlying options previously granted to Mr. Lichti, held by Northstrive Companies Inc., a company wholly owned by Mr. Lichti, (ii) 2 shares of Common Stock underlying warrants previously issued to Mr. Lichti and held by BWL Investments Ltd, an entity owned by Mr. Lichti, (iii) 32 shares of Common Stock held by Northstrive Companies Inc., and (iv) 450,277 shares of Common Stock underlying options granted to Northstrive Companies Inc. on June 1, 2026. Row 13: Calculated based on 5,631,282 shares of Common Stock of the Issuer issued and outstanding on June 1, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Braeden Lichti is, as of the date of this Schedule 13D, the Chief Executive Officer and sole owner of Northstrive Companies Inc. Row 4: Mr. Lichti used personal funds for consideration of Common Stock previously reported in the Schedule 13D, which Common Stock were previously held by other entities of Mr. Lichti, and were later assigned to Northstrive Companies Inc. The Issuer underwent multiple reverse stock splits since the filing of the Schedule 13D, and the beneficially owned amounts of shares reported in this Amendment No. 2 reflect amounts on a post-split basis. The options granted to Northstrive Companies Inc. on June 1, 2026 were partial consideration for consultant services provided to the Issuer through Northstrive Companies Inc. Such options are reported in Mr. Lichti's Form 4 filed with the SEC on June 2, 2026. Rows 8, 10, and 11: Includes (i) 2 shares of Common Stock underlying options previously granted to Mr. Lichti, held by Northstrive Companies Inc., a company wholly owned by Mr. Lichti, (ii) 2 shares of Common Stock underlying warrants previously issued to Mr. Lichti and held by BWL Investments Ltd, an entity owned by Mr. Lichti, (iii) (iii) 32 shares of Common Stock held by Northstrive Companies Inc., and (iv) 450,277 shares of Common Stock underlying options granted to Northstrive Companies Inc. on June 1, 2026. Row 13: Calculated based on 5,631,282 shares of Common Stock of the Issuer issued and outstanding on June 1, 2026.


SCHEDULE 13D


Braeden Lichti
Signature:/s/ Braeden Lichti
Name/Title:Braeden Lichti
Date:06/03/2026
Northstrive Companies Inc.
Signature:/s/ Braeden Lichti
Name/Title:Braeden Lichti/Chief Executive Officer
Date:06/03/2026

FAQ

What percentage of PMGC Holdings (ELAB) does Braeden Lichti now report owning?

Braeden Lichti and Northstrive Companies Inc. report beneficial ownership of 7.40% of PMGC Holdings’ common stock. This percentage is based on 5,631,282 shares outstanding as of June 1, 2026, and includes both actual shares and option- and warrant-based holdings.

How many PMGC Holdings (ELAB) shares does the amended Schedule 13D/A cover?

The amendment reports beneficial ownership of 450,313 shares of PMGC Holdings common stock. This total combines directly held shares, options and warrants across entities associated with Braeden Lichti, including Northstrive Companies Inc. and BWL Investments Ltd., as described in the filing.

What portion of Braeden Lichti’s PMGC (ELAB) position comes from options and warrants?

The filing shows that 450,281 of the 450,313 beneficially owned shares are linked to derivative securities. These include 450,277 option shares granted to Northstrive on June 1, 2026, plus small amounts from previously granted options and warrants held by related entities.

Why did PMGC Holdings (ELAB) and Braeden Lichti file this Schedule 13D/A amendment?

The amendment updates ownership structure and share counts for Braeden Lichti and Northstrive Companies Inc. It reflects assignments of shares to Northstrive, the impact of multiple reverse stock splits, and new options granted on June 1, 2026 for consulting services.

Does Braeden Lichti have sole voting control over his PMGC (ELAB) stake?

The filing states that Braeden Lichti has 0 shares with sole voting or dispositive power. All 450,281 shares are held with shared voting and dispositive power, primarily through Northstrive Companies Inc. and related entities holding options, warrants, and common shares.