secwatch.observer — SEC 8-K summary
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Issuer:     Avalon GloboCare Corp. (ALBT)
CIK:        0001630212
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001013762-23-003840
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avalon Globocare closes $700K convertible note financing at 13% senior secured
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- Issued $700K aggregate principal 13% senior secured notes to Mast Hill and Firstfire.
- Net proceeds $665K after $35K total original issue discount; used for general corporate purposes.
- Each investor received warrants (52.5K shares at $2.50, 43.75K shares at $1.80) and 35K commitment shares.
- Notes convertible into common stock; transaction closed Oct 11, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630212/000101376223003840/0001013762-23-003840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630212/000101376223003840/ea186677-8k_avalonglob.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-003840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer