Loan & DebtSep 14, 2026, 04:23 PM
Avalon GloboCare Issues $280K Notes, Amends Equity Purchase Agreement
AI Summary
Avalon GloboCare Corp. announced the issuance of $280,000 in original issue discount notes and pre-funded warrants to accredited investors, raising $250,000 in gross proceeds. The funds will be used to repay existing debt and for general corporate purposes. Additionally, the company amended its equity purchase agreement with Hudson Global Ventures, LLC, adjusting the share purchase price and terms for future equity purchases.
Key Highlights
- Avalon GloboCare Corp. issued $280,000 in original issue discount notes for gross proceeds of $250,000.
- Net proceeds from the notes will be used to repay existing debt and for working capital.
- The company also issued 1,000,000 pre-funded warrants as an inducement for note purchases.
- The notes mature on April 8, 2027, with a 7% annual interest rate, increasing to 15% upon default.
- Notes can be prepaid at 105% of the principal amount and include negative covenants on additional indebtedness.
- Avalon GloboCare amended its equity purchase agreement with Hudson Global Ventures, LLC, reducing the share purchase price to $2.00.
Price Impact
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