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The latest announcement is out from PMGC Holdings ( (ELAB) ).
On August 28, 2025, PMGC Holdings Inc., a company listed on NASDAQ under the symbol ELAB, announced a 1-for-3.5 reverse stock split of its common stock, effective September 2, 2025. This move will consolidate every 3.5 shares into one, adjusting the number of shares outstanding and the share price proportionally, without affecting the overall value of shareholder equity. The company expects the number of shares outstanding to decrease from approximately 2,369,727 to 677,000 post-split. The trading symbol will remain ‘ELAB,’ but the stock will receive a new CUSIP number. This adjustment aims to enhance the company’s market positioning by potentially increasing the stock price and making it more attractive to investors.
Spark’s Take on ELAB Stock
According to Spark, TipRanks’ AI Analyst, ELAB is a Underperform.
ELEVAI Labs Inc. is rated poorly due to major financial weaknesses, including negative revenue and cash flow issues, which are exacerbated by adverse technical indicators. The lack of favorable valuation metrics further weighs down the stock’s score. The absence of applicable corporate events means no positive catalysts are present to offset these challenges.
To see Spark’s full report on ELAB stock, click here.
More about PMGC Holdings
Average Trading Volume: 910,452
Technical Sentiment Signal: Sell
Current Market Cap: $1.98M
For detailed information about ELAB stock, go to TipRanks’ Stock Analysis page.