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Avalon GloboCare amends 8-K, updates pro forma financials for Avalon RT 9 sale

PUBT·04/21/2026 20:32:39
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Avalon GloboCare amends 8-K, updates pro forma financials for Avalon RT 9 sale
  • Avalon GloboCare filed an amended current report to update unaudited pro forma consolidated financial information tied to the sale of its wholly owned subsidiary, Avalon RT 9 Properties.
  • The sale closed on Feb. 18, 2026, transferring 100% of the membership interests to board chairman Wenzhao Lu for USD 9 million.
  • The pro forma balance sheet as of Dec. 31, 2025 removes USD 7.3 million of discontinued-operation assets.
  • The pro forma balance sheet eliminates a USD 3.2 million advance from the purchaser.
  • The pro forma balance sheet increases additional paid-in capital by about USD 2 million.
  • Pro forma results remove discontinued-operation losses, reducing the 2025 net loss to USD 17.5 million from USD 18.3 million.
  • The 2024 pro forma net loss narrows to USD 7 million from USD 7.9 million.
  • The 2024 change reflects elimination of real property rental revenue and related expenses from the disposed unit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avalon Globocare Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-046208), on April 21, 2026, and is solely responsible for the information contained therein.