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 reflects the Company’s capital allocation discipline: every dollar competes across acquisitions, equipment investment and automation initiatives, deployed only where the Company sees attractive risk-adjusted returns.