PMGC Holdings Inc. entered into a Subscription Agreement to purchase US$1,845,000 aggregate principal amount of secured debentures issued by Nuclea Energy Canada Inc. The investment is part of an offering of up to US$9,000,000 in debentures intended to fund Nuclea Canada's acquisition of assets from Moltex Energy Limited. Proceeds are held in escrow and released only upon the satisfaction of conditions related to the Moltex Acquisition and a parallel business combination between Nuclea Energy Inc. and NorthStrive Acquisition Corp I. The debentures bear no interest, mature within three months or upon specific termination events, and rank senior to other indebtedness except for permitted bank debt. PMGC will receive a US$45,000 finance fee structured as an original issue discount. This transaction is classified as a related party deal due to overlapping management with the SPAC sponsor.
