Avalon GloboCare Advances Proposed Merger with YOOV
Deal News | Apr 29, 2025 | Globenewswire
Avalon GloboCare Corp., a commercial-stage company focusing on precision diagnostic consumer products, is advancing its merger with YOOV Group Holding Limited, a provider of AI automation solutions. The companies have submitted a registration statement on Form S-4 to the U.S. Securities and Exchange Commission (SEC), following their Agreement and Plan of Merger dated March 7, 2025. The merger involves Avalon subsidiary Nexus MergerSub Limited merging with YOOV, with the latter surviving and becoming a wholly-owned subsidiary of Avalon. The merger will result in a publicly-traded company specializing in AI-as-a-Service solutions to enhance business efficiency. The transaction is contingent on certain conditions, including stockholder and Nasdaq approvals. YOOV offers AI-powered business automation tools and extends its services to financial and insurance sectors via subsidiaries. Avalon focuses on precision diagnostics and commercial real estate. Both companies anticipate potential risks, including regulatory approvals and operational expenses. The merger seeks to leverage AI technologies for business automation, positioning the combined entity as a leader in the field.
Sectors
- Healthcare Technology
- Artificial Intelligence and Automation
- Financial Services and Insurance
Geography
- United States – Avalon GloboCare Corp. is based in Freehold, New Jersey, and has filed its merger registration with the U.S. SEC.
- British Virgin Islands – Both YOOV and Avalon’s subsidiary Nexus MergerSub Limited are incorporated in the British Virgin Islands, indicating legal jurisdiction and operation bases.
Industry
- Healthcare Technology – Avalon focuses on precision diagnostic products which place it in the healthcare technology sector.
- Artificial Intelligence and Automation – YOOV provides AI automation solutions to businesses, directly linking it to the AI and automation sector.
- Financial Services and Insurance – YOOV extends into financial services and insurance through its subsidiaries.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Avalon GloboCare Corp. | Bidding Company | Company | Avalon is focused on precision diagnostic products and commercial real estate. |
| YOOV Group Holding Limited | Target Company | Company | YOOV offers advanced AI automation solutions for business operations. |
| U.S. Securities and Exchange Commission | Regulatory Authority | Government | The SEC oversees securities transactions. Avalon filed a registration statement with the SEC for the merger. |
| Crescendo Communications, LLC | Investor Relations | Company | Handles investor relations for Avalon, responsible for communicating with stakeholders. |