InvestmentJul 2, 2026, 05:17 PM
Avalon GloboCare Raises $400K via Series F Preferred Stock Sale
AI Summary
Avalon GloboCare Corp. entered into a securities purchase agreement to sell 400 shares of Series F Convertible Preferred Stock and 200,000 shares of common stock to an accredited investor for an aggregate purchase price of $400,000. The Series F Preferred Stock is convertible at $0.50 per share and is subject to mandatory redemption at 125% of its stated value. Additionally, the company issued various restricted common shares and stock options to consultants, officers, and non-employee directors for services rendered and as compensation.
Key Highlights
- Sold 400 Series F Preferred Stock and 200,000 common shares for $400,000.
- Series F Preferred Stock convertible into common stock at $0.50 per share.
- Series F Preferred Stock subject to mandatory redemption at 125% of stated value.
- Issued 150,000 restricted common shares to a consultant for services rendered.
- Issued options to purchase 400,000 common shares to consultants.
- Issued 750,000 restricted common shares to consultants for services rendered.
- Issued options to purchase 1,150,000 common shares to officers.
- Issued options to purchase 600,000 common shares to non-employee directors.
Price Impact
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