2019.05.24
优德88中国官方网站 acted as the PRC legal counsel for the underwriter Roth Capital Partners, participating in the deal with NSDQ listed company Avalon GloboCare Corp. (NASDAQ: AVCO) directly issued equity shares and warrant to multiple institute investors.
Avalon is a world-leading cell biotech developer devoted in pushing and improving innovative, revolutionary exosome technology and therapy and has established a leading statue worldwide. Moreover, Avalon also provide strategic counseling and outsourcing services to promote and improve the clients’ increasing, developing and competition in the U.S, China and the world. Avalon owned several subsidiaries and joint-venture companies in China and conducted research, cooperation and sales in liquid biopsy of exosome, cell immune therapy (including CAR-T/CAR-NK) and regenerative therapy.
The financing amount was about USD 6 million, and the capital will be used in the development of core technology platform and clinic research based on liquid biopsy of exosome and regenerative therapy, next-generation multi-targeted CAR-T immune therapy and collaborative development with world-famous universities.
Roth Capital Partners are an investment bank based in California who focus on areas including biochemical, energy, consumer goods and information technology. In the past decade, Roth Capital Partners have raised more than USD 54 billion for enterprises around the world and have completed hundreds of mid-scale and large scale acquisitions.
优德88中国官方网站 acted as the PRC legal counsel for Roth Capital Partners and provided legal services including due diligence investigations, rounds of negotiations and modifying advice on the deal documents and final offer documents.
The timetable for the project was tough and involved the collaboration with multiple domestic and offshore intermediaries. As the leading intermediary for the project’s PRC part, the 优德88中国官方网站 team’s proficient and efficient work ensured the deal was completed smoothly and the 优德88中国官方网站 team’s performance was also highly recommended by the clients and all involved parties.
The leading partners for the project were Mr. John Du，Jiang and Ms. LIU, Ning.
