Elevai Labs announces 1-for-200 reverse stock split to regain Nasdaq $1.00 bid compliance

PMGC Holdings Inc.

Reverse split effective Nov 27, 2024; every 200 shares become 1 share; no fractional shares issued.
Post-split shares outstanding approximately 3.07 million; trading symbol ELAB unchanged.
New CUSIP 28622K 203; common stock will trade on split-adjusted basis from Nov 27.
Split is required to meet Nasdaq minimum bid price rule; CEO cites need to preserve listing.
Outstanding stock options and equity awards adjusted proportionally to reflect new share structure.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PMGC Holdings Inc.: Amendment to Certificate of Incorporation to effect a 1-for-200 reverse stock split (effective 2024-11-27).

Change: charter amendment
Effective: 2024-11-27

Exact text from the filing

On November 20, 2024, Elevai Labs Inc. (the “Company”) filed a Certificate of Amendment to the Company’s Third and Amended Certificate of Incorporation, as amended (the “Certificate of Amendment”), to effect a 1-for-200 reverse stock split (the “Split”) of the shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), on November 27, 2024.

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Source: SEC EDGAR

accession 0001213900-24-102866

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