STOCK TITAN

NorthStrive: PMGC reports 21.43% ownership stake

The 21.43% calculation uses 12,728,070 deemed outstanding Class A shares, including shares issuable upon Class B conversion.

(Moderate)

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

NorthStrive Acquisition Corp I. is the issuer of the Class A ordinary shares for which PMGC Holdings Inc. and NorthStrive Sponsor I LLC each report beneficial ownership of 2,728,070 shares, or 21.43%. The Sponsor directly holds the shares; PMGC holds all membership interests and voting power in the Sponsor. The reported amount comprises 2,496,320 Class A shares underlying Class B shares, convertible at the business-combination closing or earlier at the holder’s option, and 231,750 Class A shares included in a private placement. Of the Class B shares, 325,607 are subject to forfeiture to the extent the underwriter’s over-allotment option is not exercised in full or in part.

PMGC became the Sponsor’s sole member under an agreement dated September 25, 2026, effective retroactively as of April 24, 2026. Sponsor manager Georgiy Kovalyov reports zero beneficial ownership. The reporting persons report no transactions in the class during the past 60 days.

Filing Explained

The reporting persons say they are discussing possible strategic transactions with third parties, including merger or acquisition opportunities, but have no definitive agreement, so no transaction commitment is disclosed.

Beneficial ownership reported by each of PMGC and the Sponsor 2,728,070 Class A ordinary shares Each reports the same share amount
Reported ownership percentage 21.43% Percentage of the Class A ordinary shares
Class A shares underlying Class B shares 2,496,320 shares Convertible at the business-combination closing or earlier at the holder’s option
Class A shares included in the private placement 231,750 shares Included in the reported beneficial ownership amount
Class B shares subject to forfeiture 325,607 shares Subject to forfeiture to the extent the underwriter’s over-allotment option is not exercised in full or in part
Class A shares deemed outstanding 12,728,070 shares Basis for the reported ownership percentage calculation
Georgiy Kovalyov beneficial ownership 0 shares Georgiy Kovalyov is the Sponsor’s manager
beneficially owned regulatory
"aggregate amount beneficially owned by each reporting person"
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.
dispositive power regulatory
"PMGC has voting and dispositive power over the securities"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
over-allotment option financial
"the underwriter's over-allotment option is not exercised in full or in part"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
convertible financial
"Class B Ordinary Shares are convertible to Class A Ordinary Shares"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NSAI shares do PMGC Holdings and NorthStrive Sponsor report?

Each reports beneficial ownership of 2,728,070 Class A ordinary shares, equal to 21.43% of the class. NorthStrive Sponsor directly holds the shares, while PMGC has voting and dispositive power through its ownership of the Sponsor.

What is included in the reported NSAI share amount?

The reported amount includes 2,496,320 Class A shares underlying Class B shares, convertible at the business-combination closing or earlier at the holder’s option, and 231,750 Class A shares included in a private placement. Of the Class B shares, 325,607 are subject to forfeiture depending on exercise of the underwriter’s over-allotment option.

What strategic activity do PMGC Holdings and NorthStrive Sponsor describe regarding NSAI?

The reporting persons say they may discuss potential strategic transactions, including possible merger and acquisition opportunities, with NSAI’s management, board, stockholders and other interested parties. They also report current discussions with third parties that may lead to such actions, with no definitive agreements to undertake them.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





G6659W103

(CUSIP Number)
Michel Tamer
120 Newport Center Drive,
Newport Beach, CA, 92660
(888) 445-4886

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/25/2026

(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:
The number of shares represented by the amounts in Rows 7, 9, and 11 includes 2,728,070 Class A Ordinary Shares of NorthStrive Acquisition Corp I. (the "Issuer"), consisting of (i) 2,496,320 Class A Ordinary Shares underlying the issuer's ("Issuer") Class B Ordinary Shares (of which an aggregate of 325,607 Class B Ordinary Shares are subject to forfeiture to the extent that the underwriter's over-allotment option is not exercised in full or in part), previously issued to NorthStrive Sponsor I LLC ("Sponsor"), which Class B Ordinary Shares are convertible to Class A Ordinary Shares on the closing of the Issuer's business combination or earlier at the holder's option; and (ii) 231,750 Class A Ordinary Shares included in the private placement offering, which was consummated simultaneously with the Issuer's initial public offering ("IPO"). Ownership percentage is calculated based on 12,728,070 Class A Ordinary Shares deemed outstanding pursuant to Rule 13d-3(d)(1)(i) under the Exchange Act of 1934, amended ("Act"), being 10,231,750 Class A Ordinary Shares outstanding as of the date of this report plus 2,496,320 Class A Ordinary Shares issuable upon conversion of the Class B Ordinary Shares held by the Sponsor. PMGC Holdings Inc. ("PMGC") became the sole Member of the Sponsor pursuant to the Amended and Restated Limited Liability Company Agreement of Sponsor dated September 25, 2026, effective retroactively as of April 24, 2026. The Class A Ordinary Shares of the Issuer are directly held by the Sponsor. PMGC holds all membership interest and voting power of the Sponsor.


SCHEDULE 13D




Comment for Type of Reporting Person:
The number of shares represented by the amounts in Rows 7, 9, and 11 includes 2,728,070 Class A Ordinary Shares of the Issuer, consisting of (i) 2,496,320 Class A Ordinary Shares underlying the Issuer's Class B Ordinary Shares (of which an aggregate of 325,607 Class B Ordinary Shares are subject to forfeiture to the extent that the underwriter's over-allotment option is not exercised in full or in part), previously issued to the Sponsor, which Class B Ordinary Shares are convertible to Class A Ordinary Shares on the closing of the Issuer's business combination or earlier at the holder's option and (ii) 231,750 Class A Ordinary Shares included in the private placement offering which was consummated simultaneously with the IPO. Ownership percentage is based on 12,728,070 Class A Ordinary Shares deemed outstanding pursuant to Rule 13d-3(d)(1)(i) under the Act, being 10,231,750 Class A Ordinary Shares outstanding as of the date of this report plus 2,496,320 Class A Ordinary Shares issuable upon conversion of the Class B Ordinary Shares held by the Sponsor. PMGC became the sole Member of the Sponsor pursuant to the Amended and Restated Limited Liability Company Agreement of Sponsor dated September 25, 2026, effective retroactively as of April 24, 2026. The Class A Ordinary Shares of the Issuer are directly held by the Sponsor. PMGC holds all membership interest and voting power of the Sponsor.


SCHEDULE 13D




Comment for Type of Reporting Person:
PMGC became the sole Member of the Sponsor pursuant to the Amended and Restated Limited Liability Company Agreement of Sponsor dated September 25, 2026, effective retroactively as of April 24, 2026. The Class A Ordinary Shares of the Issuer are directly held by the Sponsor. Georgiy Kovalyov is the Manager of the Sponsor. PMGC holds all membership interest and voting power of the Sponsor.


SCHEDULE 13D


PMGC Holdings Inc.
Signature:/s/ Graydon Bensler
Name/Title:Graydon Bensler / Chief Executive Officer of PMGC Holdings Inc.
Date:09/29/2026
NorthStrive Sponsor I LLC
Signature:/s/ Georgiy Kovalyov
Name/Title:Georgiy Kovalyov / Manager
Date:09/29/2026
Georgiy Kovalyov
Signature:/s/ Georgiy Kovalyov
Name/Title:Georgiy Kovalyov
Date:09/29/2026

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