---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-24-000013"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:26:23.224827+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avant Technologies acquires Wired4Health assets for $2.2M in secured note and preferred stock

## Summary
- Acquired full-stack software development and cloud services assets from Wired4Health for $2.2M total consideration.
- Paid $1.2M via secured promissory note (24 monthly installments of $52,427, 5% interest) and $1M in Series B Convertible Preferred Stock.
- Preferred Stock convertible at lesser of $1.00/share or 30-day VWAP, with 4.99% beneficial ownership cap and 25% daily volume leak-out.
- Assets include agreements with Sentry Data Systems/Craneware and Respec, Inc., website, employee contracts, and goodwill.
- Secured note is collateralized by acquired assets; Seller may file UCC-1 financing statement.

## SEC filing metadata
- accession: 0001740797-24-000013
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079724000013/0001740797-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079724000013/avai_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-24-000013
- JSON: https://secwatch.observer/filing/0001740797-24-000013.json
- Plain text: https://secwatch.observer/filing/0001740797-24-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.