Avalon GloboCare raises up to $7M via convertible preferred stock at $2.41 conversion price

Avalon GloboCare Corp.

Agreement with York Sun Investment for up to 7,000 shares Series C Convertible Preferred at $1,000/share, total $7M.
First closing on Dec 24, 2024: 3,500 shares for $3.5M; second closing of $3.5M due within 120 days.
Conversion at $2.41 per common share, subject to shareholder approval and one-year hold from first issuance.
Buyer gets right to appoint one board member, subject to Nasdaq rules.
Securities issued in reliance on Section 4(a)(2) exemption; unregistered.

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