Avalon GloboCare Corp., a commercial-stage precision diagnostics company, has announced a definitive merger agreement with YOOV Group Holding Limited, a leading business AI automation provider. This strategic merger aims to accelerate AI-driven enterprise automation, positioning the combined entity as a leader in AI as a Service (AIaaS). The merged company, expected to operate as YOOV, Inc., will continue trading on the Nasdaq Capital Market under the ticker symbol “YOOV”. The merger is set to close in Q3 2025, pending shareholder approval and customary closing conditions.
YOOV’s AIaaS: Transforming Business Automation
YOOV’s proprietary AIaaS platform empowers businesses to automate workflows, optimize resources, and enhance operational efficiency. With an emphasis on scalability and flexibility, YOOV provides AI-driven solutions for diverse industries, including:
- Enterprise workflow automation to streamline operations.
- AI-driven communication tools for enhanced collaboration.
- Resource optimization solutions to improve business productivity.
Financial Performance & Growth Trajectory
Driven by growing demand for AI-powered automation, YOOV’s revenue has seen significant growth:
| Financial Year | Revenue | Net Income |
|---|---|---|
| CY 2024 (unaudited) | $45.7M | $3.4M |
| CY 2023 (unaudited) | $28.7M | -$2.4M |
| FY 2024 (unaudited, ended Mar 31) | $29.6M | $1.3M |
| FY 2023 (unaudited, ended Mar 31) | $21.5M | -$0.53M |
This substantial revenue increase reflects YOOV’s growing market presence and ability to scale AI adoption across industries.
Leadership Perspectives on the Merger
Dr. David Jin, CEO of Avalon GloboCare, emphasized the shareholder value created through this merger:
“YOOV’s cutting-edge AI technology and rapid growth make this a compelling opportunity. We believe this transaction will drive innovation, scalability, and long-term shareholder value.”
Phil Wong, Co-Founder & CEO of YOOV, highlighted the strategic benefits:
“This merger provides us with a foundation to accelerate growth, extend our industry impact, and strengthen AI-driven automation.”
Merger Details & Organizational Structure
Ownership Structure (Post-Merger, Pro Forma Basis)
- Avalon equityholders: ~2.2%–2.5%
- YOOV equityholders: ~97.5%–97.8%
Leadership & Governance
- Phil Wong will assume roles as Chairman, CEO, and President.
- The board will consist of seven members:
- Five designated by YOOV
- Two designated by Avalon
Transaction Timeline & Approvals
- The merger has been approved by both companies’ boards.
- Completion is subject to shareholder approval and regulatory requirements.
- Expected closing: Q3 2025.
The Avalon-YOOV merger marks a pivotal move in AI-driven enterprise automation. YOOV’s AIaaS capabilities, combined with Avalon’s expertise, will create a high-growth business focused on AI innovation. The merger is set to enhance shareholder value and solidify YOOV’s position as a leader in AI-powered business transformation.
