PMGC Holdings Inc. Announces $1.67 Million in Gross Proceeds from Warrant Inducement with Institutional Investors Priced At-The Market Under Nasdaq Rules

Core Points - PMGC Holdings Inc. has entered into a warrant inducement agreement with existing institutional investors for the exercise of certain outstanding warrants issued on January 27, 2025 [1] - Investors will exercise warrants to purchase a total of 827,900 shares of common stock at an amended exercise price of $2.015, generating gross proceeds of approximately $1.67 million [1][2] - The closing of the warrant inducement transactions is expected around August 25, 2025, pending customary closing conditions [2] - In exchange for the warrant exercise, the company will issue new unregistered warrants for an additional 827,900 shares at an exercise price of $1.89 per share [3] - The company plans to file a registration statement with the SEC within 30 days to cover the resale of shares from the new warrants [3] Company Overview - PMGC Holdings Inc. is a diversified holding company focused on managing and growing its portfolio through strategic acquisitions, investments, and development across various industries [5]