PMGC Holdings Inc. announced on August 28, 2025, that it will effect a 1-for-3.5 reverse stock split of its issued and outstanding and authorized common stock. The marketplace effective date of the split will be September 2, 2025.
This action is undertaken to maintain Nasdaq listing compliance, typically indicating that the company's stock price has fallen below the minimum bid price requirement. Every 3.5 shares of common stock will be consolidated into one share.
Immediately prior to the split, there were approximately 2,369,727 shares of common stock issued and outstanding. Following the anticipated reverse stock split, there will be approximately 677,000 shares of common stock issued and outstanding.
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