other material
confidence high
sentiment neutral
materiality 0.40
Avalon GloboCare raises $400k via Series F Convertible Preferred Stock with mandatory redemption at 125%
Avalon GloboCare Corp.
- Issued 400 shares of Series F Convertible Preferred Stock at $1,000 stated value each to investor Allen O. Cage Jr. for $400,000.
- Series F is convertible into common at $0.50/share, subject to 4.99% beneficial ownership cap and shareholder approval.
- Mandatory redemption of 25% of outstanding shares on Oct 1, Nov 1, Dec 1, 2026 and Jan 1, 2027 at 125% of stated value.
- Also issued 200,000 Commitment Shares of common stock as additional consideration.
- Additionally, granted options to purchase 1,150,000 shares to officers and 600,000 to directors at $0.2820 exercise price.