Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Avalon GloboCare Corp.: Filed a Certificate of Designation for Series A Preferred Stock with the Delaware Secretary of State, effective immediately on November 3, 2022 (effective 2022-11-03).
- Change
- charter amendment
- Effective
- 2022-11-03
Exact text from the filing
on November 3, 2022 the Company filed a Certificate of Designation of Preferences, Rights and Limitations of the Series A Preferred Stock (the “ Series A Certificate of Designation ”), which became effective immediately with the Secretary of State of the State of Delaware
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Avalon GloboCare Corp. entered into Membership Interest Purchase Agreement with SCBC Holdings LLC valued at up to thirty-one million dollars ($31,000,000) (effective 2022-11-07).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- SCBC Holdings LLC
- Value
- up to thirty-one million dollars ($31,000,000)
- Effective
- 2022-11-07
Exact text from the filing
On November 7, 2022, Avalon Laboratory Services, Inc. (the “ Buyer ”), a wholly-owned subsidiary of Avalon GloboCare Corp. (the “ Company ”), entered into a Membership Interest Purchase Agreement (the “ MIPA ”), by and among SCBC Holdings LLC (the “ Seller ”), the Zoe Family Trust, and Bryan Cox and Sarah Cox as individuals (each an “ Owner ” and collectively, the “ Owners ”), and Laboratory Services MSO, LLC (“ Laboratory Services MSO ”), pursuant to which, subject to the terms and conditions set forth in the MIPA, the Buyer will acquire from the Seller, sixty percent (60%) of all the issued and outstanding equity interests of the Laboratory Services MSO (the “ Purchased Interests ”), free and clear of all liens (the “ Transaction ”).
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