Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 213

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 213
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 shares for the year ended December 31, 2024, 2023 and 2022:

                                                        Series A                      
  Balance as of December 31, 2021                       $                          —  
  Issuance of preferred shares in exchange of cash                         3,000,000  
  Accretion of preferred shares                                              135,781  
  Balance as of December 31, 2022                       $                  3,135,781  
  Accretion of preferred shares                                              160,000  
  Conversion into Class B Ordinary Shares                                ( 3,295,781  
  Balance as of December 31, 2023 and 2024              $                          —  

F-27

ABLE VIEW GLOBAL INC.

11. EQUITY

Ordinary shares

The Company is authorized to issue100,000,000Class A Ordinary Shares and500,000,000Class B Ordinary Shares with a par value of $0.0001per share. Holders of Class A Ordinary Shares
are entitled to 10 votes for each share. Holders of Class B Ordinary Shares are entitled toonevote for each share. Each Class A
ordinary share is convertible into one Class B ordinary share at any time at the option of the holder thereof. Class B ordinary
shares are not convertible into Class A ordinary shares under any circumstances. Upon any sale, transfer, assignment or disposition
of Class A ordinary shares by a holder to any person or entity which is not an affiliate of such holder, such Class A ordinary
shares shall be automatically and immediately converted into the equivalent number of Class B ordinary shares. Holders of Class A
ordinary shares and Class B ordinary shares will be entitled to the same amount of dividends, if declared.

As part of the business combination between the
Company and HMAC, the Company issued2,923,999Class B ordinary shares to the shareholders of HMAC, among which1,725,000Class B ordinary
shares were issued to the sponsor of HMAC,375,650Class B ordinary shares were issued to private shareholders, and823,349Class B ordinary
shares were issued to public shareholders.

The Company engaged a third party financial advisor
in connection with a business combination to assist the Company in locating target businesses, holding meetings with its shareholders
to discuss a potential business combination and the target business’ attributes, introduce the Company to potential investors that
are interested in purchasing securities, assist the Company in obtaining shareholder approval for the business combination and assist
the Company with its press releases