PMGC Holdings Inc. Announces Merger of AGA Precision Systems into A&B Aerospace

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NEWPORT BEACH, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) ("PMGC" or the "Company") today announced that it has merged AGA Precision Systems LLC ("AGA") into A&B Aerospace, Inc. ("A&B Aerospace"), with A&B Aerospace expected to be the surviving operating entity. The merger is designed to simplify PMGC's aerospace precision manufacturing platform by consolidating two related businesses under one corporate structure. Following the merger, AGA will cease to exist as a separate legal entity, while A&B Aerospace will continue operating the AGA name through a fictitious business name, or DBA, as needed to preserve customer, vendor, and contract continuity. A&B Aerospace, Inc., founded in 1948 and headquartered in Azusa, California, is a precision machining and aerospace manufacturing company serving long-standing Tier 1 aerospace and defense customers, including Boeing, Honeywell International Inc., and Moog Inc. The company specializes in high-tolerance parts and assemblies and provides advanced CNC machining, honing, grinding, and precision deburring services across a range of aerospace and defense applications. A&B operates more than twenty modern CNC machines, including full 5-axis machining capabilities, and maintains AS9100D and ISO 9001:2015 certifications. Known for its history of quality, reliability, and on-time delivery, A&B supports both metal and non-metal machining solutions for leading aerospace customers. A&B Aerospace operates its own manufacturing site in Azusa, California, while AGA operates from its manufacturing site in Santa Ana, California. Following the merger, both sites are expected to continue operating from their respective locations, with the combined business sharing resources, customers, leadership, and administrative support under A&B Aerospace. PMGC expects the consolidation to reduce duplicative governance, reporting, and administrative overhead while allowing the combined operation to better share personnel, facilities, equipment, certifications, and financial systems. The Company also expects the combined structure to support greater customer coverage and operational flexibility across both sites. Existing agreements, customer relationships, and points of contact are expected to remain supported through the transition process of the merger.

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