"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."
"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 be converted into common stock at $1.50 per share after May 12, 2026, subject to shareholder approval and applicable ownership limits."
""The acquisition of RPM is an important strategic step for Avalon," said Meng Li, interim chief executive officer and chief operating officer. "Integrating RPM's AI-driven video studio with our consumer health products, starting with the launch of KetoAir™, will enhance our marketing capabilities, broaden our digital reach, and support our long-term value creation strategy. We look forward to leveraging RPM's technology to elevate our brand visibility and strengthen our position in the precision wellness market""
Avalon GloboCare completed an all-stock acquisition of RPM Interactive, merging RPM into a new wholly owned subsidiary, Avalon Quantum AI, LLC. Avalon issued 19,500 Series E non-voting convertible preferred shares valuing the transaction at $19.5 million, with conversion to common stock at $1.50 per share after May 12, 2026, subject to approvals and ownership limits. RPM's "Catch-Up" SaaS platform automates creation and distribution of short-form videos by sourcing clips, generating AI narration and avatars, and publishing across major platforms. Avalon plans to commercialize the platform early next year to support KetoAir marketing and strengthen digital reach while satisfying Nasdaq stockholders' equity requirements.
Read at Benzinga
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