PMGC Holdings Inc. Expands Investment & M&A Efforts, Actively Seeking Acquisitions and Investments Through Strategic Sponsorship of TCA Venture Group
TCA Venture Group (formerly known as Tech Coast Angels) is one of the largest and most active angel investor networks in the United States. With a history spanning over 25 years, TCA has been instrumental in funding early-stage and seed-stage companies across all innovation-driven industries. Since its founding in 1997, TCA members have invested over $300 million in more than 525 companies, attracting an additional $2.2 billion in follow-on investments, primarily from venture capital firms.
'We are excited to join forces with TCA Venture Group as a key sponsor,' said Graydon Bensler, CFA, Chief Executive Officer of PMGC. 'This sponsorship aligns perfectly with our mission to identify and support high-potential companies, providing both capital and operational expertise to drive long-term growth. TCA's vast network of investors, entrepreneurs, and industry experts will enhance our ability to expand our portfolio and execute our acquisition strategy while directly contributing to the thriving Southern California business ecosystem.'
PMGC currently manages and operates a diverse portfolio of three wholly owned subsidiaries:
NorthStrive Biosciences Inc. – A biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Our lead asset, EL-22, is leveraging an engineered probiotic approach to address obesity's pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.
PMGC Research Inc. – A research and development subsidiary, currently utilizing Canadian research grants and partnering with leading Canadian universities to accelerate scientific discovery and transform cutting-edge technologies into commercially viable products.
PMGC Capital LLC. – A multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. The company's mission is to identify and seize high-potential opportunities, delivering sustainable growth and maximizing returns on capital.
Through this sponsorship, PMGC will gain valuable exposure through TCA's national network, engage with over 400 seasoned investors, business leaders, and industry professionals. TCA members, consisting of experienced C-level executives, entrepreneurs, venture capitalists, and other professionals, not only invest in early-stage companies but also provide hands-on mentorship, board representation, and strategic partnerships. TCA is one of the largest and most active angel investor groups nationally, consistently ranking in the top three for deals funded, amounts invested, and membership size. The HALO Report recently ranked TCA as # 2 U.S. angel investment network for funded deals, and CB Insights, a market intelligence platform, has recognized TCA as the top-ranked angel group in terms of network centrality.
By aligning with TCA, PMGC strengthens its commitment to fostering entrepreneurial success and supporting innovative businesses. The Company believes this collaboration will open doors to new investment opportunities and further enhance PMGC's position as a leading player in the investment and M&A landscape.
About PMGC Holdings Inc.PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
About TCA Venture GroupTCA Venture Group is one of the largest and most active angel investor networks in the nation, and a leading source of funding for seed-stage and early-stage companies across all innovation industries in Southern California. TCA members are accredited investors who individually invest in startup companies. Companies go through well-structured, transparent, and time efficient screening and due diligence. As founders and executive-level business leaders, TCA members provide companies with more than just capital; they also contribute counsel, mentoring and access to an extensive network of investors, customers, strategic partners and management. TCA is a catalyst in the growth of the thriving Southern California entrepreneurial ecosystem of innovation. Since its founding in 1997, TCA has invested over $218 million in more than 380 companies and has helped attract more than $1.66 billion in additional capital/follow-on rounds, mostly from venture capital firms.
Learn more at www.tcaventuregroup.com.
Forward-Looking StatementsStatements contained in this press release regarding matters that are not historical facts are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as 'believes,' 'expects,' 'plans,' 'potential,' 'would' and 'future' or similar expressions such as 'look forward' are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings' filings with the United States Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 29, 2024, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
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This step, though challenging, is essential to strengthening the region's battery materials supply chain and enabling Electra to become a reliable partner for governments, OEMs, and commercial stakeholders.' 'By significantly reducing our debt and securing new capital, we are strengthening our financial foundation and aligning our funding with a clear, executable path to production,' commented Electra CFO, Marty Rendall. 'Together, this restructuring and financing, alongside other well-advanced financing initiatives, are expected to provide the capital needed to complete the refinery and create long-term value across our stakeholder base.' Electra's battery materials refinery is central to North America's efforts to onshore critical mineral supply chains, reduce reliance on China, and strengthen national and economic security. 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In addition to establishing the cobalt sulfate refinery, Electra's strategy includes nickel refining and battery recycling. Growth projects include integrating black mass recycling at its existing refining complex, evaluating opportunities for cobalt production in Bécancour, Quebec, and exploring nickel sulfate production potential in North America. For more information, please visit ContactHeather SmilesVice President, Investor Relations & Corporate Development Electra Battery Materialsinfo@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements and include, but are not limited to, statements regarding the closing of the Transaction and anticipated timing thereof, the expected reduction in the Company's outstanding debt and the impact on its capital structure, the expected appointment of directors to the Board by the Lenders, the granting of a waiver from the TSXV pricing requirements, and receipt of required regulator and shareholder approvals, the creation of one or more control persons under applicable securities laws, the anticipated government funding, the Company's continued eligibility for U.S. Department of Defense grants, the expected ramp-up and commissioning of the cobalt sulfate refinery, Electra's strategic role in reshoring North America's battery materials supply chain, and the Company's future growth plans, including nickel refining and battery recycling. Generally, forward-looking statements can be identified by the use of terminology such as 'plans', 'expects', 'will,' 'estimates', 'intends', 'anticipates', 'believes' or variations of such words, or statements that certain actions, events or results 'may', 'could', 'would', 'will,' 'might', 'occur' or 'be achieved'. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at and on EDGAR at Other factors that could lead actual results to differ materially include failure to obtain required approvals or satisfy closing conditions, changes in government policy or funding commitments, delays in construction or commissioning of the refinery, inability to complete the Transaction or Equity Financing on the proposed terms and general economic, market, and geopolitical conditions. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
