PMGC Holdings Executes 1-for-4 Reverse Split and Acquires Nuclea Energy Stake

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PMGC Holdings implemented a 1-for-4 reverse stock split effective January 6, 2026, reducing outstanding shares from about 2.01 million to 503,713 under new CUSIP 73017P409, with fractional shares rounded to whole shares. PMGC Capital LLC invested in Nuclea Energy on November 6, 2025, acquiring a non-controlling share in the micro modular reactor developer.

1. Reverse Stock Split Execution

PMGC Holdings Inc. executed a 1-for-4 reverse stock split of its issued and outstanding common stock, effective January 6, 2026 at 9:00 am Eastern Time. Under the consolidation ratio, every four shares of common stock were converted into one share with no action required from shareholders. The company’s transfer agent, VStock Transfer, LLC, will facilitate the exchange of physical certificates and has assigned a new CUSIP number (73017P409) to the consolidated shares, while the trading symbol remains ELAB.

2. Shareholder Impact and Equity Adjustments

Following the split, PMGC expects its issued and outstanding share count to decrease from approximately 2,014,852 to about 503,713 shares, subject to rounding and customary adjustments. Fractional share entitlements will be rounded up to one full share to prevent any loss in value. Outstanding stock awards, options, warrants and the equity incentive plan reserves will be adjusted proportionally, including exercise prices and underlying share counts, ensuring equity holders maintain their relative ownership stakes.

3. Market Context and Strategic Rationale

Over the past year ELAB has exhibited pronounced volatility driven by low per-share trading levels and episodic volume spikes. The reverse split is intended to raise the per-share price level, enhance the stock’s eligibility for certain institutional and retail platforms, and improve perceived liquidity. With a market capitalization near $0.7 million and average daily volume of roughly 740,000 shares on NASDAQ, PMGC aims to stabilize trading dynamics and broaden its investor base as it continues to pursue strategic investments in high-growth sectors.

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