Avalon GloboCare director granted Series E preferred
Avalon GloboCare Corp. director Michael Mathews reported receiving 1,364.840 shares of the company’s Series E Non-Voting Convertible Preferred Stock at a stated price of $0 per share.
Rhea-AI Filing Summary
Avalon GloboCare Corp. director Michael Mathews reported receiving 1,364.840 shares of the company’s Series E Non-Voting Convertible Preferred Stock at a stated price of $0 per share. These preferred shares were issued in exchange for 2,600,000 common shares of RPM Interactive, Inc. as part of Avalon GloboCare’s acquisition of RPM.
Each share of this Series E preferred stock is perpetual, so it has no expiration date, and it becomes convertible into Avalon GloboCare equity at any time from and after May 12, 2026, or earlier if the company consents in writing.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series E Non-Voting Convertible Preferred Stock | 1,364.84 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each share of Series E Non-Voting Convertible Preferred Stock (the "Preferred Stock") is convertible, at any time from and after May 12, 2026, or such earlier date as consented to by the Issuer in writing.
- F2. The Preferred Stock is perpetual and therefore has no expiration date.
- F3. Received in exchange for 2,600,000 shares of common stock of RPM Interactive, Inc. ("RPM") in connection with the Issuer's acquisition of RPM.
FAQ
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