PMGC Holdings Inc. said it will implement a 1-for-10 reverse stock split of its common shares effective at 12:00 a.m. Eastern time on Thursday, consolidating every 10 issued and outstanding shares into one.
The Newport Beach, California-based diversified holding company estimates its pre-split common stock outstanding at approximately 8,095,835 shares, which will fall to roughly 809,584 shares immediately after the split. The company’s trading symbol ELAB will remain unchanged, though its CUSIP number will update to 73017P 607.
Shareholders holding physical certificates may exchange them through the transfer agent, VStock Transfer, LLC, which will provide detailed instructions ahead of the change. Fractional share entitlements will be rounded up to the nearest whole share, and outstanding stock awards, options, shares reserved under the equity incentive plan, and warrants will be adjusted proportionally.
The reverse split does not alter the aggregate value of shareholder equity, only reducing the number of shares outstanding while proportionally increasing the share price. PMGC Holdings operates as a diversified holding company, managing a portfolio through acquisitions, investments, and development across multiple industries.
