Full Press Release Details
PMGC Holdings Inc. Announces the Acquisition of SVM Machining, Inc.
NEWPORT BEACH, Calif. Feb 3, 2026 - PMGC Holdings Inc.
(NASDAQ: ELAB) ("PMGC" or the "Company"), a diversified public holding company announced that it has completed
the acquisition of SVM Machining, Inc. ("SVM").
Founded in 1997 by Mark Serpa, SVM (aka Silicon Valley Manufacturing)
is a Northern California-based ISO 9001:2015 Certified CNC precision machining and manufacturing services company serving medical, aerospace,
biotech & pharmaceutical, semiconductor, and transportation markets.
This transaction represents PMGC's third California based CNC
machine shop acquisition to date, expanding PMGC's growing footprint in precision manufacturing and furthering its strategy to assemble
a multi-site machining platform serving aerospace, defence, medical and industrial industries.
SVM is a precision manufacturing partner specializing in custom CNC-machined
components, delivering high-quality, engineered solutions for customers in the following industries:
For the fiscal year ended December 31, 2024, SVM reported revenue of
Summary of Material Transaction Terms
PMGC acquired 100% of the issued and outstanding shares of SVM from
the seller, on a cash-free, debt-free basis.
About SVM Machining Inc.
SVM Machining, Inc. is a California based ISO 9001:2015 Certified precision
CNC machining and manufacturing services company that produces high-quality, engineered components for a diverse set of mission-critical
industries, including medical technology, aerospace, semiconductor, biotech & pharmaceutical, and transportation. Known for its technical
expertise, quality systems, and ability to deliver complex parts with precision tolerances, SVM supports original equipment manufacturers
and advanced technology customers with reliable and responsive production capacity.
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. 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, 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.