PMGC terminates LOI to acquire electronics manufacturing company

PMGC (ELAB) Holdings has terminated the previously announced non-binding letter of intent, dated June 9, 2025, to acquire a profitable U.S.-based electronics manufacturing company. Following a strategic review and direction from its Board of Directors, PMGC has elected to narrow its merger and acquisition focus toward CNC machine shops servicing the aerospace, defense, and industrial sectors. The Company believes this decision better aligns with its long-term growth strategy and capital allocation objectives, allowing it to build a highly specialized portfolio that benefits from sector-specific demand, scale efficiencies, and margin expansion. On June 24th, 2025 PMGC announced a non-binding Letter of Intent to acquire a profitable, AS9100 and ISO 9001-certified CNC precision machining company based in the United States. The target specializes in high-complexity aerospace and defense components, with a long-standing track record serving Tier-1 commercial and government clients. The target generated approximately $4.5 million in revenue and $500,000 in adjusted EBITDA in 2024. The transaction is currently pending and subject to due diligence and customary closing conditions.