Avalon GloboCare Corp.(NASDAQ:ALBT) announced Monday that it has acquiredRPM Interactive, Inc., a generative artificial intelligence software company, through an all-stock transaction.
The acquisition aims to expand Avalon's digital marketing capabilities and strengthen its balance sheet.
The deal includes RPM's automated short-form video technology and is expected to raise Avalon's stockholders' equity above the $2.5 million minimum required for the Nasdaq listing.
Transaction Structure
RPM merged into Avalon Quantum AI, LLC, a newly formed wholly owned subsidiary. Avalon issued 19,500 Series E non-voting convertible preferred shares, valuing the deal at$19.5 million.
These shares may...