Effective January 6, 2026, PMGC Holdings Inc. implemented a 1-for-4 reverse stock split of its common stock, consolidating every four issued and outstanding shares into one. The action required no shareholder approval beyond prior disclosure and resulted in a new CUSIP number (73017P409) while retaining the trading symbol ELAB. All outstanding stock awards, options and shares reserved under the equity incentive plan were adjusted on the same ratio to preserve proportional ownership.

Following the split, the company reduced its share count from approximately 2,014,852 to roughly 503,713 shares outstanding, subject to rounding provisions. Shareholders entitled to fractional shares received one full share for each fractional entitlement, ensuring no diminution in equity value. Holders of physical certificates may exchange them through the transfer agent under provided instructions.

Over the past twelve months, ELAB’s share count and trading volume have reflected extreme swings, with intraday volume reaching 741,689 shares on the NASDAQ and market capitalization hovering near $683,010. The company’s annual trading range spanned from a low near $1.38 up to a high of $398.86 (pre-split equivalents), underscoring the rationale for a price-adjusting corporate action designed to reduce volatility and attract institutional interest.

Management cites the reverse split as a measure to enhance liquidity, comply with listing standards and broaden the investor base by elevating the per-share price into a more conventional trading range. By consolidating the float and reducing potential stigma around low-priced shares, PMGC aims to improve market perception, facilitate inclusion in additional market indices and position ELAB for future capital-raising opportunities.