Company Overview - Avalon GloboCare Corp. has entered into a definitive merger agreement with YOOV Group Holding Limited, a provider of AI automation solutions, with the combined company expected to operate under the name YOOV, Inc. and trade on Nasdaq under the symbol "YOOV" [1][5] - The merger is anticipated to close in the third quarter of 2025, subject to stockholder approval and other customary closing conditions [5][6] Financial Performance - YOOV reported unaudited revenue of $45.7 million and net income of $3.4 million for the calendar year 2024, marking a 59.1% increase in revenue compared to $28.7 million and a net loss of $2.4 million in 2023 [1][3] - For the fiscal year ending March 31, 2024, YOOV had unaudited revenue of $29.6 million and net income of $1.3 million, compared to $21.5 million in revenue and a net loss of $527,403 for the fiscal year ending March 31, 2023 [3] Strategic Rationale - The merger is viewed as a strategic opportunity to unlock value and drive innovation in AI-driven automation, with both companies expressing confidence in the potential for long-term shareholder value [4][6] - YOOV's AIaaS platform is designed to enhance operational efficiency and productivity for businesses of all sizes, emphasizing scalability and flexibility [2][9] Management Structure - Post-merger, Phil Wong will serve as Chairman, CEO, and President of the combined company, with a board of directors consisting of seven members, five from YOOV and two from Avalon [6]