Avalon GloboCare converts $2.6M of debentures to common stock, slashes debt

Avalon GloboCare Corp.

Converted $2.6M principal from June 2024 institutional note into shares; $288K repaid in cash.
Eliminates majority of outstanding debentures, strengthening balance sheet and reducing stock overhang.
Company believes substantially all converted shares have been sold by the investor.
Conversion supports recent return to compliance with Nasdaq minimum stockholders' equity requirement.
Interim CEO Meng Li cites improved capital flexibility to execute growth initiatives.

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