PMGC terminates electronics LOI, targets CNC machine shops; pending aerospace acquisition

PMGC Holdings Inc.

Terminated non-binding LOI dated June 9, 2025 to acquire a U.S. electronics manufacturing company.
New M&A focus on CNC machine shops serving aerospace, defense, and industrial sectors.
Pending LOI for AS9100/ISO 9001-certified CNC precision machining company; 2024 revenue ~$4.5M, adjusted EBITDA ~$500K.
Secondment Agreement with CEO's wholly owned GB Capital to provide employees at agreed hourly rates.
U.S. metalworking machinery orders surged 32.6% MoM in March 2025 to $515.8M, cited as tailwind.

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