 Avalon GloboCare Corp NASDAQ:ALBT announced that it has raised 4 million through a private placement of shares of its Series A preferred stock with the companys chairman, Daniel Lu. The gross proceeds are in addition to the previously announced private placement of 5 million of Series A preferred stock, all of which will be used to pay a portion of the purchase price for the announced acquisition of Laboratory Services MSO, LLC, Avalon said. 