PMGC Holdings Announces 1-For-7 Reverse Stock Split To Maintain Nasdaq Listing Compliance; Effective At Midnight, Eastern Time, On March 10, 2025

PMGC Holdings Inc. (NASDAQ:ELAB) ("PMGC" or the "Company") today announced that it will effect a 1-for-7 reverse stock split (the "Split") of its issued and outstanding common stock, par value $0.0001 per share ("Common Stock"), 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 (73017P201).
  
   
• 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.