other_material
confidence high
sentiment neutral
materiality 0.45
Avalon GloboCare issues 141,643 shares for $500K; amends Series C preferred beneficial ownership limit to 4.99%
Avalon GloboCare Corp.
- Issued 141,643 common shares to York Sun Investment Holding Limited at $3.53/share for $500,000; closing expected by June 6, 2025.
- Waived cash penalties under $2.845M Mast Hill Fund note; retained dilutive issuance rights with $1.00 floor price.
- Filed certificate of amendment to Series C Preferred Stock reducing beneficial ownership limitation from 19.99% to 4.99% on May 29, 2025.
- As of June 4, 2025, Company had ~2,043,971 common shares outstanding; 3,500 Series C and 5,000 Series D preferred shares.
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