Avalon GloboCare Corp. (NASDAQ: ALBT) announced the pricing of a private placement offering that will generate $3.25 million in immediate gross proceeds through the issuance of 6.37 million shares at $0.51 per share. The transaction includes warrants that could yield an additional $6.5 million if exercised, bringing the total potential capital raise to $9.75 million.
The at-the-market offering was structured in accordance with Nasdaq regulations and priced based on prevailing market conditions. H.C. Wainwright & Co. served as the exclusive placement agent for the transaction. The company intends to allocate the net proceeds toward the repayment of outstanding debt obligations and general working capital purposes to support operations.
This capital raise provides Avalon GloboCare with liquidity to address its debt position while maintaining operational flexibility. The warrant component extends the company's ability to access additional capital if market conditions remain favorable and warrant holders exercise their conversion rights.