PMGC Holdings increases authorized share capital to 2.5 billion shares

PMGC Holdings Inc. (NASDAQ:ELAB), currently trading at $5.70 with a market capitalization of $2.42 million, filed a Certificate of Amendment to its Articles of Incorporation with the Nevada Secretary of State on Monday, increasing its total authorized share capital to 2.5 billion shares. The amendment raises the authorized common stock to 2 billion shares with a par value of $0.0001 per share and the authorized preferred stock to 500 million shares, also with a par value of $0.0001 per share. According to InvestingPro data, the company’s stock has declined nearly 90% year-to-date, though it maintains a strong current ratio of 22.38.

The company reported this change in a statement included in a press release and submitted to the Securities and Exchange Commission. PMGC Holdings, which is listed on the Nasdaq Stock Market, indicated that the amendment was effective as of September 15, 2025.

A copy of the Certificate of Amendment was filed as an exhibit with the SEC. The filing was signed by Graydon Bensler, Chief Executive Officer and Chief Financial Officer of PMGC Holdings.

This article is based on a statement from a press release and related SEC filing.

In other recent news, PMGC Holdings Inc. announced the completion of Phase II of its AI Development Program for obesity treatment in collaboration with Yuva Biosciences. This phase produced a shortlist of small molecule candidates aimed at improving mitochondrial health. Additionally, PMGC Holdings secured approximately $1.67 million through a warrant inducement agreement with institutional investors, involving the exercise of warrants for 827,900 shares at an amended price. The company also updated executive agreements to include acquisition-based compensation provisions, offering fully vested awards upon the completion of acquisitions.

In terms of mergers and acquisitions, PMGC Holdings decided to terminate its plan to acquire a U.S.-based electronics manufacturing firm, shifting its focus to the CNC sector. Following this strategic shift, PMGC Holdings signed a non-binding letter of intent to acquire a U.S.-based CNC machining company specializing in aerospace and defense components. The target company reported about $4.5 million in revenue and $500,000 in adjusted EBITDA for 2024. These recent developments highlight PMGC Holdings’ strategic focus and financial activities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.