other material
confidence high
sentiment neutral
materiality 0.50
Avalon GloboCare exchanges Series A preferred for new Series D; eliminates Series A
Avalon GloboCare Corp.
- Chairman Wenzhao Lu exchanged 9,000 Series A shares for 5,000 Series D shares; no Series A outstanding after Jan 9, 2025.
- Series D Preferred Stock designated on Jan 6, 2025; 5,000 shares authorized, $1,000 stated value per share.
- Series D convertible into common at $2.41/share, subject to shareholder approval and 4.99% beneficial ownership cap.
- Series D ranks senior to common, pari passu with Series B and C preferred; no dividends; no voting except as required by law.
- Transaction exempt from registration under Section 3(a)(9) of Securities Act; no other Series A shares remain.