secwatch.observer — SEC 8-K summary
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Issuer:     Avalon GloboCare Corp. (ALBT)
CIK:        0001630212
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001213900-23-043586
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avalon Globocare enters $1M balloon mortgage and $1.5M convertible note financing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/0001213900-23-043586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630212/000121390023043586/ea179379-8k_avalon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-043586

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