newsfilter
← Latest News
GlobeNewswire·

PMGC Holdings Inc. Announces Strategic Share Acquisition in Australian Space Technology Company Orbit2Orbit

ELAB
  • PMGC Holdings Inc. (NASDAQ: ELAB) announced that its investment arm, PMGC Capital LLC, has completed a subscription for common shares in Australian space technology firm Orbit2Orbit Pty Ltd.
  • The investment was made during Orbit2Orbit's private placement financing to support its proposed listing on the Canadian Securities Exchange via a reverse takeover transaction.
  • PMGC Capital's move aligns with its strategy to invest in innovative businesses with long-term growth potential within the expanding commercial space economy.
  • The investment supports PMGC's goal of increasing exposure to the space sector while leveraging its U.S. precision manufacturing platform for aerospace, defense, and space customers.
  • Orbit2Orbit, headquartered in Gold Coast, Queensland, is developing in-space logistics infrastructure and hardware for Low Earth Orbit to address the lack of persistent station-to-station logistics capabilities.
  • Orbit2Orbit's roadmap includes the Lab2Space program for stratospheric test flights, Mission 0 for validating orbital operations, and Mission 1 for a reusable orbital vehicle supporting payload transport, refueling, and inspection.
  • PMGC Holdings Inc. operates as a diversified holding company focused on strategic acquisitions, investments, and development across various industries to maximize growth.
  • The press release includes standard forward-looking statements disclaimers regarding future performance, risks, and potential deviations from anticipated results based on current expectations.
Company
PMGC Holdings Inc.
Keywords
Nasdaq:ELAB, PMGC Holdings Inc., ELAB, PMGC, Space, commercial space, space economy, In-space logistics, strategic investment, share acquisition, precision manufacturing