PMGC Holdings Inc. said its investment arm completed a share purchase in Australia's Orbit2Orbit. Orbit2Orbit develops in-space logistics and infrastructure services. The subscription was part of a private placement tied to a proposed reverse takeover listing on the Canadian Securities Exchange.
Investment approach
PMGC Capital LLC is a multi-strategy investment firm. It focuses on direct investments, strategic lending, and acquiring undervalued companies and assets. The Orbit2Orbit subscription reflects PMGC's interest in emerging space technologies.
Company context
PMGC Holdings is a diversified public holding company listed on Nasdaq under ticker ELAB. It manages and grows its portfolio through acquisitions, investments, and development. The company serves aerospace, defense, and space customers through its U.S. precision manufacturing platform.
What Orbit2Orbit does
Orbit2Orbit is based on the Gold Coast in Queensland. It is developing in-space logistics services and supporting hardware for Low Earth Orbit. Its roadmap includes test-flight services, a small demonstrator vehicle, and a planned reusable vehicle.
Orbit2Orbit's proposed Canadian Securities Exchange listing remains subject to the reverse takeover process. PMGC plans to continue building its aerospace manufacturing capabilities. The share purchase adds to its commercial space exposure.