Core Viewpoint - PMGC Holdings Inc. will implement a 1-for-7 reverse stock split effective March 10, 2025, to comply with Nasdaq listing requirements and enhance its market presence [1][3][4] Purpose of the Reverse Stock Split - The reverse stock split is essential for maintaining compliance with Nasdaq's listing requirements, which will enhance visibility and investor confidence, positioning the company for future growth [3] - There is no guarantee that the company will meet the minimum bid price requirement after the split [3] Nasdaq Rule Changes and Compliance Considerations - The reverse stock split is in response to recent Nasdaq rule changes aimed at ensuring compliance with listing requirements, particularly maintaining a stable share price above the minimum threshold [4] - The amendments highlight the company's commitment to addressing potential noncompliance issues proactively [4] Impact on Shareholders - Every 7 shares of common stock will consolidate into one share automatically, with no action required from shareholders [7] - Fractional shares will be rounded up to one full share for each fractional portion [7] - The trading symbol will remain "ELAB," but a new CUSIP number will be assigned [7] - Adjustments will be made to outstanding stock awards, options, and warrants to reflect the reverse split [7] Post-Split Share Structure - Post-split, approximately 577,000 shares of common stock will be issued and outstanding as of March 10, 2025 [9] - The total number of authorized shares will also decrease at the same 1-for-7 ratio as the issued and outstanding shares [9]
PMGC Holdings Inc. Announces Reverse Stock Split to Maintain Nasdaq Listing Compliance