PMGC Holdings Inc. announced on August 22, 2025, that it has entered into a warrant inducement agreement with existing institutional investors. This agreement facilitates the exercise of certain outstanding warrants issued on January 27, 2025.
Pursuant to the agreement, investors will exercise warrants to purchase an aggregate of 827,900 shares of common stock at an amended exercise price of $2.015. The gross proceeds from this exercise are expected to be approximately $1.67 million, before deducting placement agent fees and estimated offering expenses.
In consideration for the exercise, the company also agreed to issue unregistered new warrants to purchase an aggregate of 827,900 shares of common stock with an exercise price of $1.89 per share. The closing of these transactions is expected to occur on or about August 25, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.