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ELEVAI Labs Inc. ( (ELAB) ) has issued an update.
On July 25, 2025, PMGC Holdings Inc. entered into a Secondment Agreement with GB Capital Ltd, allowing GB Capital’s employees to provide services to PMGC while remaining employed by GB Capital. This agreement outlines the terms of employment, compensation, and termination conditions for the seconded employees. On July 30, 2025, PMGC Holdings Inc. announced the termination of a previous letter of intent to acquire a U.S.-based electronics manufacturing company, shifting its focus to acquiring CNC machine shops in the aerospace, defense, and industrial markets. This strategic pivot aligns with PMGC’s long-term growth strategy and aims to capitalize on sector-specific demand and efficiencies.
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 ELEVAI Labs Inc.
PMGC Holdings Inc. is a diversified public holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. The company is committed to exploring opportunities in multiple sectors to maximize growth and value.
Average Trading Volume: 682,834
Technical Sentiment Signal: Sell
Current Market Cap: $3.05M
See more insights into ELAB stock on TipRanks’ Stock Analysis page.