secwatch.observer — SEC 8-K summary
======================================

Issuer:     Avalon GloboCare Corp. (ALBT)
CIK:        0001630212
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001213900-26-020426
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avalon Globocare issues $233,910 convertible note; three directors resign, three appointed
--------------------------------------------------------------------------------

- Note principal $233,910 (incl. $26,910 OID); net proceeds $207,000; matures Feb 15, 2027.
- Conversion price at 75% of market price; default interest 22% p.a.; prepayable at discounts.
- Directors Stilley, Tauzin, Troy resigned Feb 24; replaced by Felix, Mathews, Sanders on committees.
- Resignations not due to any disagreement with company's operations, policies, or management.
- Restrictions on asset sales without lender consent; conversion triggers 150% penalty upon default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630212/000121390026020426/0001213900-26-020426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630212/000121390026020426/ea0278170-8k_avalon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-020426

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer