Avalon GloboCare effects 1-for-15 reverse stock split, reduces authorized shares to 100M

Avalon GloboCare Corp.

Reverse stock split ratio set at 1-for-15, effective 5:00 PM ET on October 25, 2024.
Authorized shares reduced from 490,000,000 to 100,000,000 via amendment filed October 23, 2024.
Stockholders approved the reverse split and authorized share decrease at the virtual annual meeting on October 7, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Avalon GloboCare Corp.: Reverse stock split at a ratio of 1-for-15 and decrease in authorized shares from 490,000,000 to 100,000,000 (effective 2024-10-25).

Change: charter amendment
Effective: 2024-10-25

Exact text from the filing

On October 23, 2024, the Company filed a certificate of amendment (the “Amendment”) to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effectuate the Reverse Stock Split at a ratio of 1-for-15 as well as the Decreased in Authorized Shares. The Amendment became effective at 5:00 PM ET on October 25, 2024.

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Avalon GloboCare Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-091819

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