PMGC Holdings (Nasdaq: ELAB) Announces Completion of $100 Million SPAC IPO, Launching NorthStrive Acquisition Corp. I (Nasdaq: NSAI) as First in Planned SPAC Sponsorship Franchise to Expand M&A Strategy

* PMGC's first sponsored SPAC adds a public-market acquisition vehicle to the holding company, targeting aerospace and defense, industrial technology, and critical supply chain manufacturers * Sponsor position of approximately 2.7 million shares, or roughly 21.4% of NorthStrive Acquisition Corp I.'s Class A shares on an as-converted basis, aligns PMGC with value created through a future business combination NEWPORT BEACH, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (“PMGC” or the “Company”), a diversified holding company, today announced that it is the sponsor of NorthStrive Acquisition Corp I. (Nasdaq: NSAIU) (“NSAI” or “SPAC I”), a $100 million special purpose acquisition company (“SPAC”) listed on the Nasdaq Stock Market, marking the launch of PMGC’s SPAC sponsorship platform.

The Company has expanded its M&A business strategy to include the creation, sponsorship and development of special purpose acquisition companies (“SPACs”) through its formation of the Northstrive Acquisition Corp. SPAC franchise division: providing an additional platform to pursue larger-scale merger and acquisition opportunities across a range of industries. The Company has launched its first SPAC, Northstrive Acquisition Corp. I ("SPAC I"), which completed a $100 million initial public offering of 10,000,000 units and is currently listed on the Nasdaq (Nasdaq: NSAI), and has incorporated Northstrive Acquisition Corp. II as part of its strategy to develop a repeatable SPAC sponsorship platform. Members of PMGC’s Board of Directors serve as directors of the SPACs, and PMGC, directly or through affiliated entities, currently holds all the membership interests in SPAC I and expects to maintain a majority economic interest in the applicable SPAC sponsor and its founder shares. The SPAC franchise is intended to complement PMGC’s existing acquisition strategy by allowing the Company to participate economically in transactions that may be larger or structured differently than acquisitions made directly by PMGC, with potential economic benefits arising from its sponsor and founder share interests. The business will also result in additional organizational, legal, accounting, regulatory and transaction-related expenses and demands on management resources, and there can be no assurance that any sponsored SPAC will successfully complete a business combination or generate value for PMGC or its shareholders.