Avalon GloboCare Corp. (NASDAQ:ALBT) surged 36.56% to $0.72 after hours on Wednesday, after the company withdrew a prior S-3 registration and filed a new S-1 to register 19.4 million shares tied to a Feb. private placement.
Dual SEC Filings
On Wednesday, the company withdrew its Form S-3, a streamlined Securities and Exchange Commission registration that eligible public companies typically use to raise capital more quickly and at lower cost. The form, originally filed in June 2025, was canceled because the company decided not to move forward with the planned resale offering. No securities were sold under the registration.
Avalon GloboCare filed a new Form S-1 on Wednesday, a required SEC registration that provides transparency by disclosing financials, business details, and risks. The filing seeks to register up to 19.4 …
