Avalon GloboCare entered into a Securities Purchase Agreement to raise $400,000 through the sale of 400 shares of Series F Convertible Preferred Stock and 200,000 commitment shares of common stock to Allen O. Cage Jr. The Series F Preferred carries a $1,000 stated value per share, is convertible at $0.50 per common share subject to a 4.99% ownership cap, and features mandatory 25% redemptions from October 1, 2026 through January 1, 2027 at 125% of stated value. The transaction closed on July 2, 2026 and was conducted under Section 4(a)(2) and Rule 506(b) exemptions. Proceeds are intended to support liquidity and general corporate needs.
Agreement details:
- Agreement type: Securities Purchase Agreement for Series F Convertible Preferred Stock
- Counterparty: Allen O. Cage Jr.
- Signed / Effective: Jun 30 2026 / Jul 02 2026
- Duration / Termination: Redemption schedule through Jan 01 2027
- Reason: Strengthen liquidity and fund operations
Original SEC Filing:
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