The latest announcement is out from Avalon GloboCare ( (ALBT) ).
On March 7, 2025, Avalon GloboCare Corp. and YOOV Group Holding Limited entered into a merger agreement where YOOV will merge into Avalon, forming a new entity expected to trade under the Nasdaq symbol ‘YOOV’. The merger, anticipated to close in the third quarter of 2025, aims to leverage YOOV’s AI technology to enhance business automation and drive growth. The merger agreement includes customary conditions and stockholder approvals. Upon completion, YOOV shareholders will own the majority of the combined company, and the board will primarily consist of YOOV appointees. The merger is expected to unlock value for shareholders and strengthen the combined company’s market position.
More about Avalon GloboCare
Avalon GloboCare Corp. is a commercial-stage company focused on developing and delivering precision diagnostic consumer products. The company is known for marketing the Keto Air breathalyzer device and plans to expand its diagnostic technology offerings. Avalon also owns and operates commercial real estate. YOOV Group Holding Limited is a leading provider of business artificial intelligence (AI) automation solutions, offering an AI as a Service (AIaaS) platform that enhances enterprise workflow management, communication, and operational efficiency. YOOV also extends its services into financial and insurance sectors through its subsidiaries.
YTD Price Performance: 110.79%
Average Trading Volume: 101,079
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.91M
Learn more about ALBT stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com