Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 212

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 212
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and sold to the Purchasers convertible notes (the “ Notes”) with aggregate principal amount of US$5,000,000after an original
issue discount of20%, The Notes have an interest rate of8% per annum, and maturity of three (3) years. The Notes are convertible into
Class B Ordinary Shares of the Company (the “ Conversion Shares”) at the option of the Purchasers, at a conversion price (the
“ Conversion Price”) of the higher of (i)75% of the lowest volume-weighted average trading price of the Class B Ordinary Shares
during the ten (10) latest consecutive business days preceding the conversion, and (ii) $0.6per Class B Ordinary Share. In addition,
the Company will issue the Purchasers warrants to purchase one (1) Class B Ordinary Share per Conversion Share (the “ Conversion
Warrants”) upon the conversion of the Notes, with the exercise price of such Conversion Warrants the same as the Conversion Price
of the Notes.

On November 4, 2024, the Company closed the issuance and sale of the Notes to the Purchasers and fully collected net proceeds of $4,000,000from the Notes. On November 20, 2024, the Company received conversion notice from the Purchasers. On November 25, 2024, the Company issued an aggregation of7,751,939Class B Ordinary Shares and7,751,939warrants (“ Conversion Warrants”) (Note 11) to three Purchasers at conversion price of $0.645per share.

As of December 31, 2024 and 2023, the Company
did not have outstanding convertible notes.

10. CONVERTIBLE
REDEEMABLE PREFERRED SHARES

On May 11, 2022, the Company closed an issuance
of15,750Series A Convertible Redeemable Preferred Shares (“ Preferred Shares”) to a third party, at a per share price
of $190.4762. The Company raised $3,000,000from the issuance of Preferred Shares. The Series A Convertible Redeemable Preferred Shares
were converted into582,924Class B Ordinary Shares on August 18, 2023, when the Company’s Class B Ordinary Shares commenced trading
on NASDAQ. As of December 31, 2024 and 2023, the Company had no outstanding convertible redeemable preferred shares.

The following table summarized the roll-forward
of the carrying amount of the convertible redeemable preferred