PMGC Holdings Inc. (NASDAQ:ELAB) announced a 1-for-10 reverse stock split of its common stock, effective at 12:00 a.m. Eastern time on Thursday. The move will consolidate every 10 shares of issued and outstanding common stock into one share, reducing the total number of shares outstanding from approximately 8,095,835 to 809,584. Despite the reduction in shares, the company's overall shareholder equity value remains unchanged. Shareholders can exchange their physical certificates through VStock Transfer, LLC, the company's transfer agent, to receive their new shares. The trading symbol ELAB will remain unchanged, with a new CUSIP number 73017P 607 assigned to the stock.
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