secwatch.observer — SEC 8-K summary
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Issuer:     PMGC Holdings Inc. (ELAB)
CIK:        0001840563
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001213900-26-022704
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMGC closes $8.1M secured pre-paid purchase; net proceeds $7.455M; OID $692,569
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- Fourth Pre-Paid Purchase principal $8,147,569.50; OID $692,569.50; net purchase price $7,455,000.
- Proceeds: $6.34M to new subsidiary's controlled deposit account, $651,806 to placement agent, $455,000 to company.
- Investor converts at 88% of lowest 10-day VWAP; floor price $0.32; company prepayment at 120%.
- Event of default triggers acceleration, 15% penalty, 18% interest; collateralized by deposit account and subsidiary equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840563/000121390026022704/0001213900-26-022704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840563/000121390026022704/ea0279491-8k_pmgc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-022704

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