secwatch.observer — SEC 8-K summary
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Issuer:     Avalon GloboCare Corp. (ALBT)
CIK:        0001630212
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001213900-24-112412
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630212/000121390024112412/0001213900-24-112412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630212/000121390024112412/ea0225900-8k_avalon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-112412

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