---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-055582"
form_type: "8-K"
ticker: "ALBT"
cik: "0001630212"
company_name: "Avalon GloboCare Corp."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:35:43.615855+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AVALON GLOBOCARE issues $500K 13% convertible note with Firstfire; net proceeds $475K after OID

## Summary
- $500,000 principal 13% senior secured convertible note issued to Firstfire; net proceeds $475K after $25K OID and $8.5K legal fee withheld.
- Conversion price $4.50 per share (floor $1.50 if amortization missed), convertible into common stock.
- Issued warrants to purchase 41,665 shares at $4.50 and 35,165 shares at $3.20, plus 25,000 commitment shares as additional consideration.
- Proceeds used for general corporate purposes; note secured by assets of Company and subsidiaries.
- Transaction closed July 7, 2023; securities issued under Section 4(a)(2) exemption.

## SEC filing metadata
- accession: 0001213900-23-055582
- form_type: 8-K
- ticker: ALBT
- cik: 0001630212
- company_name: Avalon GloboCare Corp.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630212/000121390023055582/0001213900-23-055582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630212/000121390023055582/ea181514-8k_avalon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-055582
- JSON: https://secwatch.observer/filing/0001213900-23-055582.json
- Plain text: https://secwatch.observer/filing/0001213900-23-055582.txt

## Key facts
- Debt Financings
  Avalon GloboCare Corp. incurred convertible notes of $500,000.00 with Firstfire Global Opportunities Fund, LLC at 13%.
  - Instrument: convertible notes
  - Principal: $500,000.00
  - Counterparty: Firstfire Global Opportunities Fund, LLC
  - Rate: 13%
  - Event: incurrence
  source text: On July 6, 2023, AVALON GLOBOCARE CORP. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) with Firstfire Global Opportunities Fund, LLC (“ Firstfire ”) for the issuance of 13% senior secured promissory notes in the aggregate principal amount of $500,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630212/000121390023055582/0001213900-23-055582-index.htm
- Material Agreements
  Avalon GloboCare Corp. entered into Securities Purchase Agreements with Firstfire Global Opportunities Fund, LLC valued at $500,000.00 (effective 2023-07-06).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Firstfire Global Opportunities Fund, LLC
  - Value: $500,000.00
  - Effective: 2023-07-06
  source text: On July 6, 2023, AVALON GLOBOCARE CORP. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) with Firstfire Global Opportunities Fund, LLC (“ Firstfire ”) for the issuance of 13% senior secured promissory notes in the aggregate principal amount of $500,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630212/000121390023055582/0001213900-23-055582-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.