PMGC Holdings drops Arizona acquisition after due diligence review
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PMGC Holdings Terminates Previously Announced Acquisition LOI Following Due Diligence Review; Reaffirms Disciplined M&A Strategy and Expands Investment Across Aerospace & Defense Manufacturing Portfol
August 26, 2026 8:17 AM EDTCompany prioritizes disciplined capital allocation while expanding machining capacity, integrating portfolio operations and evaluating robotics and automation to support organic growth
NEWPORT BEACH, Calif., Aug. 26, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) ("PMGC" or the "Company"), a diversified public holding company executing a targeted growth strategy across U.S.-based precision manufacturing, today announced that, following completion of audit-stage financial due diligence, it has terminated the previously announced non-binding letter of intent ("LOI") to acquire a 76% controlling interest in a privately held Arizona-based precision machining and contract manufacturing company. The decision... More
