Avalon files registration statement for proposed YOOV merger

Avalon (ALBT) GloboCare and YOOV Group Holding announced the filing with the U.S. Securities and Exchange Commission of a registration statement on Form S-4 in connection with the proposed Merger. As previously announced, Avalon, Nexus MergerSub Limited, a business company incorporated in the British Virgin Islands and a wholly owned subsidiary of Avalon and YOOV, a business company incorporated in the British Virgin Islands, entered into an Agreement and Plan of Merger, dated March 7, 2025, pursuant to which Merger Sub will merge with and into YOOV, with YOOV surviving the merger and becoming a wholly owned direct subsidiary of Avalon. The Merger will result in a publicly-traded company focused on empowering organizations of all sizes to optimize operations, reduce costs, and enhance service delivery through Artificial Intelligence-as-a-Service solutions, specializing in intelligent business automation. The closing of the transactions contemplated by the definitive agreement is subject to certain conditions, including, without limitation, the approval of the stockholders of Avalon and the approval by the Nasdaq Stock Market of the listing of YOOV following the closing of the Merger.