--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-043586" form_type: "8-K" ticker: "ALBT" cik: "0001630212" company_name: "Avalon GloboCare Corp." filed_at: "2023-05-26T23:59:59+00:00" generated_at: "2026-06-14T13:05:18.201068+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Avalon Globocare enters $1M balloon mortgage and $1.5M convertible note financing ## Summary - Balloon mortgage note: $1M principal, 13% interest, interest-only payments of $10,833/month until Oct 2025. - Convertible note: $1.5M principal ($1.425M net after $75K OID) with Mast Hill Fund, convertible at $4.5/share. - Issued warrants to buy 230,000 shares of common stock and 75,000 commitment shares as additional consideration. - Proceeds from both notes to be used for general corporate purposes. - Mast Hill Fund also received a security interest in certain company assets under a security agreement. ## SEC filing metadata - accession: 0001213900-23-043586 - form_type: 8-K - ticker: ALBT - cik: 0001630212 - company_name: Avalon GloboCare Corp. - filed_at: 2023-05-26T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 2.03, 3.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/0001213900-23-043586-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/ea179379-8k_avalon.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-043586 - JSON: https://secwatch.observer/filing/0001213900-23-043586.json - Plain text: https://secwatch.observer/filing/0001213900-23-043586.txt ## Key facts - Debt Financings Avalon GloboCare Corp. incurred mortgage of $1,000,000.00 with S&P Principal LLC at accrue interest at the annual rate of 13.0% maturing October, 2025. - Instrument: mortgage - Principal: $1,000,000.00 - Counterparty: S&P Principal LLC - Rate: accrue interest at the annual rate of 13.0% - Maturity: October, 2025 - Event: incurrence source text: On May 18, 2023, the Company, as sole member of Avalon RT9 Properties, LLC, a New Jersey limited liability company (“ Avalon RT9 ”), authorized Avalon RT9 to execute and deliver, that certain balloon mortgage note, dated May 24, 2023 in favor of S&P Principal LLC (the “ Lender ”) in the original principal amount of $1,000,000.00 (the “ Balloon Mortgage Note ”), which Balloon Mortgage Note shall accrue interest at the annual rate of 13.0% and be paid in monthly installments of interest-only in the amount of $10,833.33 commencing in June, 2023 and continuing through October, 2025 (at which point any unpaid balance of principal, interest and other charges shall be due and payable), and be secured by a second-lien mortgage on certain real property and improvements located at 4400 Route 9, Freehold, Monmouth County, New Jersey, as evidenced by that Second Mortgage and Security Agreement dated May 24, 2023 (the “ Mortgage ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/0001213900-23-043586-index.htm - Debt Financings Avalon GloboCare Corp. incurred convertible notes of $1,500,000.00 with Mast Hill Fund, L.P. at 13%. - Instrument: convertible notes - Principal: $1,500,000.00 - Counterparty: Mast Hill Fund, L.P. - Rate: 13% - Event: incurrence source text: On May 23, 2023, AVALON GLOBOCARE CORP. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) with Mast Hill Fund, L.P. (“ Mast Hill ”) for the issuance of 13% senior secured promissory notes in the aggregate principal amount of $1,500,000.00 (collectively the “ Notes ”) convertible into shares of common stock, par value $0.0001 per share, of the Company, as well as the issuance of up to 75,000 shares of common stock as a commitment fee and warrants for the purchase of up to 230,000 shares of common stock of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/0001213900-23-043586-index.htm - Material Agreements Avalon GloboCare Corp. entered into Securities Purchase Agreement (Convertible Note Financing) with Mast Hill Fund, L.P. valued at aggregate principal amount of $1,500,000.00, convertible into common stock at $4.5 per share, with w (effective 2023-05-23). - Action: entry - Agreement: notes offering - Counterparty: Mast Hill Fund, L.P. - Value: aggregate principal amount of $1,500,000.00, convertible into common stock at $4.5 per share, with w - Effective: 2023-05-23 source text: Convertible Note Financing On May 23, 2023, AVALON GLOBOCARE CORP. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) with Mast Hill Fund, L.P. (“ Mast Hill ”) for the issuance of 13% senior secured promissory notes in the aggregate principal amount of $1,500,000.00 (collectively the “ Notes ”) convertible into shares of common stock, par value $0.0001 per share, of the Company, as well as the issuance of up to 75,000 shares of common stock as a commitment fee and warrants for the purchase of up to 230,000 shares of common stock of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/0001213900-23-043586-index.htm - Material Agreements Avalon GloboCare Corp. entered into Balloon Mortgage Note with S&P Principal LLC valued at $1,000,000.00 principal amount, 13% annual interest (effective 2023-05-24). - Action: entry - Agreement: credit facility - Counterparty: S&P Principal LLC - Value: $1,000,000.00 principal amount, 13% annual interest - Effective: 2023-05-24 source text: Balloon Mortgage Note On May 18, 2023, the Company, as sole member of Avalon RT9 Properties, LLC, a New Jersey limited liability company (“ Avalon RT9 ”), authorized Avalon RT9 to execute and deliver, that certain balloon mortgage note, dated May 24, 2023 in favor of S&P Principal LLC (the “ Lender ”) in the original principal amount of $1,000,000.00 (the “ Balloon Mortgage Note ”), which Balloon Mortgage Note shall accrue interest at the annual rate of 13.0% and be paid in monthly installments of interest-only in the amount of $10,833.33 commencing in June, 2023 and continuing through October, 2025 (at which point any unpaid balance of principal, interest and other charges shall be due and payable), and be secured by a second-lien mortgage on certain real property and improvements located at 4400 Route 9, Freehold, Monmouth County, New Jersey, as evidenced by that Second Mortgage and Security Agreement dated May 24, 2023 (the “ Mortgage ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/0001213900-23-043586-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.