other_material
confidence high
sentiment neutral
materiality 0.50
Avalon GloboCare raises $500K via stock sale, amends Series C preferred, and updates note balance
Avalon GloboCare Corp.
- Issued 141,643 shares at $3.53/share to York Sun Investment for $500,000.
- Waiver with Mast Hill Fund waives cash penalties on $2.845M note; floor price of $1.00 for conversion adjustments.
- As of Aug 29, 2025, note principal balance is $1,421,323.
- Potential conversion of note at floor price could yield up to ~2.94M shares (subject to 4.99% beneficial ownership cap).
- Amended Series C Convertible Preferred beneficial ownership limitation from 19.99% to 4.99%.
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