PMGC Holdings Inc. announced on March 6, 2025, that it will effect a 1-for-7 reverse stock split of its issued and outstanding common stock. The split is effective at midnight, Eastern time, on March 10, 2025.
This initiative is a required measure to preserve PMGC’s Nasdaq listing and ensure compliance with Nasdaq's minimum bid price requirement. Every seven shares of issued and outstanding common stock will be automatically consolidated into one share.
The reverse stock split does not impact the overall value of shareholder equity but reduces the number of shares outstanding while proportionally adjusting the share price. This action aims to strengthen investor confidence and position the company for future growth by maintaining its Nasdaq presence.
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