Full Press Release Details
PMGC Holdings Inc. Announces $1.48 Million Registered
Direct Offering Priced At-The Market Under Nasdaq Rules
NEWPORT BEACH, Calif., March 21, 2025, - PMGC
Holdings Inc. (Nasdaq: ELAB) ("PMGC" or the "Company"), a diversified holding
company, today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate
of 294,450 of the Company's common stock, par value $0.0001 per share (the "Shares") (or pre-funded warrants in lieu
thereof) at a purchase price of $5.04 per share in a registered direct offering priced at-the-market under Nasdaq. The purchase price
for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share. Following the
offering the Company will have approximately 872,411 shares of common stock issued and outstanding.
The aggregate gross proceeds to the Company in
this offering are expected to be approximately $1.48 million. The transaction is expected to close on or about March 24, 2025, subject
to the satisfaction of customary closing conditions.
Univest Securities, LLC is acting as the sole
The registered direct offering is being made pursuant
to a shelf registration statement on Form S-3 (File No. 333-284505) previously filed by the Company and declared effective by the U.S.
Securities and Exchange Commission ("SEC") on February 7, 2025. A final prospectus supplement and accompanying prospectus
describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.
Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest
Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of
the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by
the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company
that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently,
our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We
are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
Statements contained in this press release regarding
matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. Words such as "believes," "expects," "plans," "potential,"
"would" and "future" or similar expressions such as "look forward" are intended to identify forward-looking
statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of
future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations
and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks
and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes
that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore,
you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings'
filings with the United States Securities and Exchange Commission ("SEC"), including the "Risk Factors" section
of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 29, 2024, and its
other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free
of charge on the SEC's web site at www.sec.gov. All forward-looking statements contained in this press release speak only as
of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements
to reflect events that occur or circumstances that exist after the date on which they were made.
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