PMGC Holdings Acquires Stake in Nuclea Energy, Targets $16B Micro Reactor Market
PMGC Capital LLC, a subsidiary of PMGC Holdings Inc., acquired a non-controlling stake in Nuclea Energy on November 6, 2025, gaining exposure to micro modular reactor technology. The SMR/MMR market is forecast to grow from $7.5 billion in 2025 to over $16 billion by 2034, expanding PMGC’s nuclear energy exposure.
1. Reverse Stock Split Consolidates Shares to Enhance Market Profile
PMGC Holdings Inc. (NASDAQ:ELAB) effected a 1-for-4 reverse stock split on January 6, 2026, reducing its issued and outstanding common shares from approximately 2,014,852 to roughly 503,713. The split required no action by shareholders and proportionally adjusted all outstanding stock awards, options and shares reserved under the equity incentive plan. Fractional shares were rounded up, with each fractional position converted into one full share. The company’s trading symbol remained ELAB, while its CUSIP was updated to 73017P409.
2. Strategic Investment in Nuclea Energy Targets Growing MMR Market
Through its investment arm PMGC Capital LLC, PMGC Holdings acquired a non-controlling stake in Nuclea Energy Inc., closing the transaction on November 6, 2025. Nuclea Energy develops its Morpheus micro modular reactor for off-grid applications—such as remote communities, mining operations and data centers—and is advancing toward commercial readiness in Canada and the United States. This investment aligns with projections that the global small and micro modular reactor market will expand from about $7.5 billion in 2025 to over $16 billion by 2034, representing a 9% compound annual growth rate driven by demand for reliable, low-carbon power solutions.