PMGC Executes Reverse Stock Split to Maintain Nasdaq Listing Amid Financial Strain

PMGC Holdings slashed its outstanding shares by 71% through a 1-for-3.5 reverse stock split, reducing the float from 2.37 million to 677,000 shares. The drastic measure aims to lift its share price above Nasdaq's $0.10 minimum bid requirement, marking the company's second such action in 2025 following a 1-to-7 split in March.

The MOVE underscores deepening financial distress, with PMGC reporting a $15.44 million accumulated deficit and just $5.68 million in cash reserves. Reverse splits have become a critical tool for embattled firms as exchange compliance deadlines loom.

Separately, cryptocurrency markets continue to see stablecoins gain traction as bridges between traditional finance and digital assets. The sector's growth contrasts sharply with PMGC's struggles, highlighting divergent paths in modern financial markets.