PMGC Holdings, through its subsidiary NorthStrive Defense Tech, entered into an exclusive IP license to develop and commercialize products covered by U.S. Patent No. 12,291,334 and related know-how in aerospace and defense. The worldwide, non-transferable license permits manufacturing, sales, imports, and sublicensing, with development reporting and diligence milestones. Consideration includes an upfront fee, annual maintenance fees until first sales, royalties on net sales, and potential sublicense payments. The term runs until the last Royalty Term expires on a product and country basis.
Agreement details:
- Agreement type: Exclusive IP license with know-how (U.S. Patent No. 12,291,334)
- Counterparty: Licensor
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: Until last Royalty Term expiry
- Reason: Advance aerospace and defense technology commercialization
Original SEC Filing:
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