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.

Key facts

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

Avalon GloboCare Corp.: Amended beneficial ownership limitation in Series C Certificate of Designations from 19.99% to 4.99% (effective 2025-05-29).

Change: charter amendment
Effective: 2025-05-29

Exact text from the filing

On May 29, 2025, the Company filed a certificate of amendment to the Series C Certificate of Designations (the “Certificate of Amendment”), pursuant to which the beneficial ownership limitation of 19.99% was amended to 4.99%.

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Avalon GloboCare Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-051193

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