Summary by Moomoo AI
On January 12th, 2024, Dr. Anil Choudary Nalluri, a psychiatrist based in Ohio, filed an amended Schedule 13D with the United States Securities and Exchange Commission, disclosing his beneficial ownership of over 20% of Avalon Holdings Corporation's Class A Common Stock. Dr. Nalluri, along with his wife Parvati Nalluri and various accounts they control, now owns 1,025,455 shares, which represents approximately 31.19% of the company's outstanding shares. The filing indicates that these shares were acquired using personal funds and that Dr. Nalluri has sole voting and dispositive power over these shares. While Dr. Nalluri does not have any specific plans or proposals for the company at this time, he reserves the right to change his investment strategy and take actions that may influence the company's future, including buying or selling additional securities.
