debt
confidence high
sentiment neutral
materiality 0.50
Change Agents raises $550K via OID notes, issues 1M pre-funded warrants
Avalon GloboCare Corp.
- Issued $616,000 principal OID notes (incl. $66,000 OID) for $550,000 gross proceeds to accredited investors.
- Proceeds repay $144K Vanquish note, $125K June 2025 notes, $74K July 2024 loan; remainder for working capital.
- Notes mature May 14, 2027, 7% interest (15% on default), prepayable at 105% of principal.
- Issued pre-funded warrants for 1,000,000 shares at $0.0001, subject to 4.99% beneficial ownership cap and Nasdaq 19.99% approval.
- Notes include negative covenants, most-favored-nation provision, and restrictions on additional debt.