secwatch.observer — SEC 8-K summary
======================================

Issuer:     Avalon GloboCare Corp. (ALBT)
CIK:        0001630212
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001213900-24-026600
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avalon GloboCare enters into mortgage agreements to secure $2.7M in existing debt
--------------------------------------------------------------------------------

- Mortgaged real property in Freehold, NJ to secure $2.2M owed to Mast Hill Fund under May 2023 ($1.5M) and Mar 2024 ($0.7M) notes.
- Separately mortgaged same property to secure $500,000 owed to Firstfire Global Opportunities Fund from prior 2023 financing.
- Mortgages grant security interests in land, buildings, equipment, leases, and insurance proceeds.
- No new financing; existing debt is being collateralized with real estate owned by wholly owned subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630212/000121390024026600/0001213900-24-026600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630212/000121390024026600/ea0202194-8k_avalonglobo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-026600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer