Form 4: PMGC Holdings Inc. Director Acquires 3,336,437 Shares of Series B Preferred Stock as Signing Bonus

Braeden Lichti, a director and 10% owner of PMGC Holdings Inc., acquired 3,336,437 shares of Series B Preferred Stock as a signing bonus through Northstrive Companies Inc.

Summary

• Braeden Lichti, a director and 10% owner of PMGC Holdings Inc. (ELAB), acquired 3,336,437 shares of Series B Preferred Stock on March 26, 2025.
• The acquisition was a signing bonus pursuant to the Second Amended and Restated Consulting Agreement between PMGC Holdings Inc. and Northstrive Companies Inc.
• Northstrive Companies Inc. is owned and managed by Braeden Lichti.
• The Series B Preferred Stock is non-trading, non-convertible, and has no liquidation preference.
• Holders of Series B Preferred Stock have no conversion rights and no rights to dividends, unless the board of directors of PMGC Holdings Inc. determines in its sole discretion to issue dividend payments to such holders.
• Each share of Series B Preferred Stock has one vote per share on all matters.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director. The terms of the Series B preferred stock are not particularly favorable, but the acquisition itself signals some confidence.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Negatives

• The Series B Preferred Stock has no liquidation preference over any other class or series of capital stock of the Issuer.
• Holders of the non-trading, non-convertible Series B Preferred Stock have no conversion rights and no rights to dividends, unless the board of directors of PMGC Holdings Inc. (the 'Issuer') determines in its sole discretion to issue dividend payments to such holders.

Risks

• The board's discretion over dividend payments for Series B Preferred Stock could lead to uncertainty for these shareholders.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership structure and any changes in beneficial ownership by company insiders.

Related Party Transactions

• The Series B Preferred Stock was issued as a signing bonus pursuant to the Second Amended and Restated Consulting Agreement between the Issuer and Northstrive Companies Inc., as amended.
• Northstrive Companies Inc. is a California corporation owned and managed by Braeden Lichti.

Stakeholder Impact

• The acquisition of shares by a director could be viewed positively by shareholders, indicating confidence in the company's future.

Key Dates

Keywords

Series B Preferred Stock, PMGC Holdings Inc., Braeden Lichti, Northstrive Companies Inc., Beneficial Ownership, Director, Signing Bonus