secwatch.observer — SEC 8-K summary
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Issuer:     PMGC Holdings Inc. (ELAB)
CIK:        0001840563
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001213900-25-004301
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMGC (ELAB) closes sale of Elevai Skincare to Carmell (CTCX) for ~$1.4M in stock, cash, and earnouts
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- PMGC received ~$1.075M in CTCX common stock (1.149M shares at close, 117,814 held back), ~$57k cash, and liability assumption.
- Earnout: 5% of net sales from existing products annually for 5 years, plus $500k milestone if hair/scalp products hit $500k revenue in 24 months.
- Post-closing PMGC had ~3.07M shares outstanding; cash balance increased by ~$57k.
- Pro forma net loss for 9 months ended Sep 30, 2024 improved from $4.31M to $2.14M after removing Elevai's operations and adding earnout royalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840563/000121390025004301/0001213900-25-004301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840563/000121390025004301/ea0227938-8k_pmgc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-004301

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