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BRIEF-Avalon Globocare Says Entered Into And Closed A Debt Settlement Agreement And Release With Wenzhao Lu

Reuters
2022/07/27

July 27 (Reuters) - Avalon Globocare Corp :

* AVALON GLOBOCARE CORP - ON JULY 25, ENTERED INTO AND CLOSED A DEBT SETTLEMENT AGREEMENT AND RELEASE WITH WENZHAO “DANIEL” LU

* AVALON GLOBOCARE CORP - LU CONVERTED $2.9 MILLION OF DEBT OWED UNDER LINE OF CREDIT INTO 4.5 MILLION SHARES AT $0.65 PER SHARE

* AVALON GLOBOCARE CORP - ON JULY 25, FSUNSHINE TRADING PTE LTD CONVERTED CONVERTIBLE NOTES $3.7 MILLION INTO 5.7 MILLION SHARES

Source:() Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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