secwatch.observer — SEC 8-K summary
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Issuer:     PMGC Holdings Inc. (ELAB)
CIK:        0001840563
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001213900-25-017983
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMGC Holdings removes Series B conversion rights, boosts authorized shares to 300M
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- Filed Amended COD on Feb 21, 2025 eliminating conversion rights for Series B Preferred Stock.
- Increased authorized Series B shares from 50M to 300M on Feb 24, 2025.
- Series B now ranks pari passu with common on liquidation; no dividends unless Board decides.
- Protective provisions require majority Series B vote for amendments, new senior securities, or debt >$1M.
- Modifications apply to all Series B shares; no preference over common stock in distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840563/000121390025017983/0001213900-25-017983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840563/000121390025017983/ea0232335-8k_pmgc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-017983

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