Univest Securities, LLC announced on August 25, 2025, the completion of a warrant inducement with existing institutional investors for its client PMGC Holdings Inc. This transaction involved the exercise of certain outstanding warrants issued on January 27, 2025.
Investors agreed to exercise warrants to purchase an aggregate of 827,900 shares of the company's common stock at an amended exercise price of $2.015. The gross proceeds from the exercise of these warrants totaled approximately $1.67 million, prior to deducting placement agent fees and estimated offering expenses.
In consideration for the exercise, PMGC Holdings 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. These new warrants are exercisable upon shareholder approval and will expire five years from the date of approval.
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