PMGC Holdings Inc. (NASDAQ:ELAB) shares surged 133% during regular trading to $14.00 before dropping 50% in after-hours trading to $7.00. The volatility comes after the company announced a $4.55 million common stock issuance to Streeterville Capital, LLC under its $20 million equity line of credit (ELOC). Investors appear to be reacting to the mechanics of the ELOC and the potential dilution from future share issuances.
Details On Deals, Agreements
The stock movement is linked to PMGC Holdings Inc.‘s prospectus supplement filed on April 1, 2026, offering $4,551,804 in common stock directly to Streeterville Capital, LLC under an existing $20,000,000 equity line of credit facility signed in September 2025. This marks the fourth draw under the agreement, following prior draws in September 2025, and January and February 2026. …
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