PMGC subsidiary licenses FSU patent for defense tech; funds $490K research on UAV aquatic payload system

PMGC Holdings Inc.

Exclusive worldwide license of US Patent 12,291,334 (multi-media parcel transport) from Florida State University Research Foundation for aerospace/defense field.
NorthStrive Defense Tech will fund $490,657 for 12-month research on UAV-dragged aquatic payload system at FSU's Center for Intelligent Systems, Control, and Robotics.
License includes tiered royalties, annual minimum royalty, annual maintenance fee, and sublicensing revenue share; specific amounts redacted.
Development plan covers 3–5 years; milestones and timelines are good-faith projections subject to change by mutual agreement.
NorthStrive receives a first option to negotiate a royalty-bearing license for any inventions arising from the research.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PMGC Holdings Inc. entered into Term Sheet with Florida State University Research Foundation, Inc. (effective 2026-06-02).

Action: entry
Agreement: license
Counterparty: Florida State University Research Foundation, Inc.
Effective: 2026-06-02

Exact text from the filing

On June 2, 2026, NorthStrive Defense Tech LLC (“NorthStrive Defense Tech”), a wholly owned subsidiary of PMGC Holdings Inc. (the “Company”) entered into a binding term sheet (“Term Sheet”) with Florida State University Research Foundation, Inc. (“FSURF”), a Florida direct-support organization of Florida State University, pursuant to which FSURF will license patent rights related to U.S. Patent No. 12,291,334 (“Patent”) and the related know-how to NorthStrive Defense Tech.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PMGC Holdings Inc. entered into Educational Research Agreement with Florida State University Research Foundation, Inc. valued at $490,657 (effective 2026-06-01).

Action: entry
Agreement: collaboration
Counterparty: Florida State University Research Foundation, Inc.
Value: $490,657
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026, NorthStrive Defense Tech entered into an Educational Research Agreement with FSURF (“Research Agreement”), in connection with the Term Sheet and to support continued development of the technology related to the Patent.

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Source: SEC EDGAR

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