other_material
confidence high
sentiment neutral
materiality 0.65
Avalon GloboCare corrects share count in $2.8M private placement
Avalon GloboCare Corp.
- The amendment corrects the number of shares reported under Item 3.02 in the original March 2 filing.
- Private placement closed Feb 27: issued 490,197 shares, pre-funded warrants for 5,882,353 shares, and Series A-1/A-2 warrants each for 6,372,550 shares at $0.51 exercise.
- Net proceeds expected ~$2.8M after fees, for operating expenses and working capital.
- H.C. Wainwright as placement agent: 7% cash fee and warrants for 318,628 shares at $0.6375 per share.
- On Feb 19,24,26 issued 287,411; 230,739; 750,522 shares upon net exercise of existing warrants with no proceeds.