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Univest Securities, LLC Announces Closing of $1.67 Million Warrant Inducement for its Client PMGC Holdings Inc. (NASDAQ: ELAB)
Elevai LabsElevai Labs(US:ELAB) GlobeNewswire News Roomยท2025-08-25 21:00

Core Viewpoint - Univest Securities, LLC has completed a warrant inducement agreement with institutional investors for PMGC Holdings Inc., facilitating the exercise of outstanding warrants and the issuance of new warrants [1][2][4]. Group 1: Warrant Inducement Agreement - Investors have agreed to exercise outstanding warrants to purchase a total of 827,900 shares of PMGC's common stock at an amended exercise price of $2.015, generating approximately $1.67 million in gross proceeds [2]. - PMGC will issue unregistered new warrants to purchase an additional 827,900 shares at an exercise price of $1.89 per share, which will be exercisable upon shareholder approval and will expire five years from that date [3]. Group 2: Regulatory Compliance - PMGC is required to file a registration statement with the SEC within 30 days to cover the resale of shares issuable upon the exercise of the new warrants [4]. Group 3: Company Background - PMGC Holdings Inc. is a diversified holding company focused on managing and growing its portfolio through strategic acquisitions and investments across various industries [7]. - Univest Securities, LLC has raised over $1.3 billion in capital for issuers globally since 2019 and has completed around 100 transactions in various sectors, including technology and life sciences [6].