Financing ·
Avalon GloboCare Corp. entered into a securities purchase agreement with investor Allen O. Cage Jr. on June 30, 2026…
YOOVAvalon GloboCare Corp.
Avalon GloboCare Corp. entered into a securities purchase agreement with investor Allen O. Cage Jr. on June 30, 2026, for an aggregate price of $400,000.00. The transaction, which closed on July 2, 2026, involved the issuance of 400 shares of Series F Convertible Preferred Stock with a $1,000.00 stated value per share and 200,000 shares of common stock as additional consideration. The Series F Preferred Stock is convertible into common stock at $0.50 per share and is subject to mandatory redemption of 25% of outstanding shares quarterly from October 1, 2026, through January 1, 2027, at 125% of the stated value. Additionally, the company issued various stock options and restricted shares to consultants and officers. Avalon GloboCare Corp. is a healthcare services company.