secwatch.observer — SEC 8-K summary
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Issuer:     Avalon GloboCare Corp. (ALBT)
CIK:        0001630212
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001213900-23-055582
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630212/000121390023055582/0001213900-23-055582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630212/000121390023055582/ea181514-8k_avalon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-055582

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