PMGC Holdings Inc. announced on January 16, 2025, the closing of the previously announced divestiture of its wholly-owned subsidiary, Elevai Skincare Inc., to Carmell Corporation. This strategic move marks a significant milestone in PMGC’s journey as a diversified holding company.
The purchase consideration paid to PMGC included cash, shares of Carmell common stock, and additional post-closing earnout consideration through structured royalties and milestone payments. This transaction has notably strengthened PMGC’s balance sheet and reduced operational losses.
Following the closing, the total number of PMGC common stock outstanding was approximately 3.07 million. The divestiture paves the way for new opportunities that align with the company's long-term vision of accelerating shareholder value creation and market leadership.
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