other material
confidence high
sentiment neutral
materiality 0.75
PMGC completes 1-for-10 reverse split; terminates AZ acquisition LOI; signs Orbit2Orbit term sheet
PMGC Holdings Inc.
- 1-for-10 reverse stock split effective Aug 21, 2026; authorized shares now 8.33M common and 500M preferred; new CUSIP 73017P607.
- Terminates non-binding LOI to acquire 76% of Arizona precision machining company after financial due diligence; no breakup fee.
- Signs non-binding term sheet with Orbit2Orbit for Mice2Space microgravity study of EL-22/EL-32, A&B Aerospace manufacturing role, and CAD $200k investment at CAD $0.80/share.
- Exchange Agreement with Streeterville: partitions $8.00 from $3.28M Secured Pre-paid Purchase #2, exchanges for 80,000 shares; balance becomes $1.07M.
- Trademark License with chairman's NorthStrive Companies: $1 fee, 5-year royalty-free license for NorthStrive marks.