PMGC announces 1-for-7 reverse stock split

PMGC (ELAB) Holdings announced that it will effect a 1-for-7 reverse stock split of its issued and outstanding common stock, par value $0.0001 per share, effective at midnight, Eastern time, on March 10, 2025. Key Details of the Reverse Stock Split: Conversion Ratio: Every 7 shares of issued and outstanding Common Stock will be automatically consolidated into one share, with no further action required from shareholders. Fractional Shares: Shareholders entitled to fractional shares will receive one full share for each fractional portion. Updated Stock Identifier: While the trading symbol for the Common Stock will remain “ELAB,” the Common Stock will be designated a new CUSIP number. Equity Adjustments: Outstanding stock awards, options, and the shares reserved for the equity incentive plan will be adjusted proportionally to reflect the Split. Warrant Share and Exercise Price Adjustments: Shares of Common Stock underlying outstanding warrants and the exercise price of the outstanding warrants will be adjusted proportionally to reflect this stock split.