Full Press Release Details
PMGC Holdings Inc. [NASDAQ: ELAB] PMGC Holdings Fully Utilizes All
Available in $20M Equity Financing Facility, Strengthens Cash Position and Advances Multi-Sector Acquisition Strategy
NEWPORT BEACH, Calif., April 8, 2026 -
PMGC Holdings Inc. (NASDAQ: ELAB) ("the Company," "PMGC," "we," or "our"), a diversified
holding company, today announced that it has utilized all of the $20 million commitment amount under its equity purchase facility (the
"Facility") with Streeterville Capital, LLC.
History of Strategic Capital Allocation
The Company's acquisitions over 2025
and Q1 2026 span three precision computer numerical control ("CNC") manufacturing companies that service large and
medium size companies in the aerospace, defense, medical and industrial sectors, and a specialty IT packaging company that serves over 300 commercial customers across North America's semiconductor, data center, and IT supply chains:
Management believes these acquisitions strengthen
PMGC's position in sectors where reliability, technical certification, and high switching costs support long-term customer retention
Near-Term Priorities
Looking ahead, PMGC intends to pursue both organic
growth and selective acquisitions that expand operational scale and deepen its presence in markets with favorable long-term fundamentals.
The Company's near-term priorities include:
PMGC remains focused on allocating capital into
assets capable of generating sustainable cash flow, long-term compounding, and shareholder value creation.
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's 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, 2025, filed with the SEC on March 30, 2026, 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.