Loan & DebtNov 5, 2026, 05:16 PM
Avalon GloboCare Issues $250K Note, Appoints Interim CEO
AI Summary
Avalon GloboCare Corp. has entered into a material definitive agreement by issuing a $250,000 promissory note to Harllon Holdings LLC, with a total repayment of $325,000 due January 1, 2027. Additionally, the company will issue 150,000 shares of common stock to consultants for services rendered, utilizing an exemption from registration. In a management change, Luisa Ingargiola, Chief Strategy Officer, has been appointed as the principal executive officer without additional compensation.
Key Highlights
- Avalon GloboCare Corp. issued a $250,000 promissory note to Harllon Holdings LLC.
- The note has an original issue discount of $75,000, making the total repayment $325,000.
- Repayment is due on January 1, 2027, with a prepayment option of $312,000 on December 1, 2026.
- The company also agreed to issue 150,000 shares of common stock to consultants for services rendered.
- Luisa Ingargiola was appointed as the principal executive officer, serving until a new CEO is appointed.
Price Impact
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