other_material
confidence high
sentiment neutral
materiality 0.60
Avalon Globocare shareholders approve reverse stock split, note conversions, and Lu exchange
Avalon GloboCare Corp.
- All 7 proposals passed at special meeting on March 30, 2026.
- Authorized reverse stock split at ratio between 1:2 and 1:25, board to decide.
- Approved exchange of 5,000 Series D Preferred held by Chairman Lu for 2,074,689 common shares.
- Approved issuance of common shares upon conversion of July 2025 and December 2025 notes.
- Approved 450,000 restricted common shares for advisor under consulting agreement.