Full Press Release Details
PMGC Holdings Inc. Announces Anticipated
NEWPORT BEACH, Calif., August 28, 2025 (GLOBE
NEWSWIRE) -- PMGC Holdings Inc. (NASDAQ: ELAB) ("PMGC" or the "Company") today announced that it will effect a
1-for-3.5 reverse stock split (the "Split") of its issued and outstanding and authorized common stock, par value $0.0001 per
share ("Common Stock"). The marketplace effective date of the Split will be September 2, 2025 at 9:30 am EST.
Key Details of the Reverse Stock Split:
Impact on Shareholders:
Impact on our Common Stock:
The Company anticipates that there will be
approximately 677,000 shares of common stock issued and outstanding immediately following the anticipated reverse stock split on September
2, 2025. The Company anticipates that there will be approximately 2,369,727 shares of common stock issued and outstanding immediately
prior to the anticipated reverse stock split on September 2, 2025.
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, 2024, filed with the SEC on March 28, 2025, 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.