Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 216

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 216
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 statutory reserve is required to set aside
annually. For the years ended December 31, 2023 and 2022, the Company’s PRC profit generating subsidiaries set aside statutory reserve
funds of $135,369and $22,658, respectively. For the year ended December 31, 2024, the Company’s PRC profit generating subsidiaries
did not set aside statutory reserve funds because they presented accumulated deficit on balance sheet.

As of December 31, 2024 and 2023, the Company
had net restricted assets of $1,027,562and $1,027,562, which represented paid-in capital and statutory reserves that are included in
the Company’s consolidated net assets.

F-29

ABLE VIEW GLOBAL INC.

11. EQUITY(cont.)

Warrants issued in connection with settlement
of convertible notes

In connection with issuance of convertible notes
(Note 9) closed in November 2024, on November 25, 2024, the Company issued an aggregation of7,751,939Class B Ordinary Shares and7,751,939Conversion Warrants to three Purchasers at conversion price of $0.645per share to settle the convertible notes.

The Conversion may only be exercised for a whole
number of shares. No fractional shares will be issued upon exercise of the Conversion. The Conversion Warrants will expire one year from
the issuance of the Conversion Warrants. The Conversion Warrants may be exercised on a cashless basis. The exercise price and number of
Class B Ordinary Shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a subdivision,
reclassification and reorganization, spinoffs. However, the warrants will not be adjusted for issuances of ordinary shares at a price
below its exercise price.

As
the Conversion Warrants meet the criteria for equity classification under ASC 815, therefore, the Conversion Warrants are classified
as equity. On November 4, 2024, the fair value of the Conversion Warrants is estimated at fair value of approximately $3,232,000using
Black-Scholes model, and the Company allocated proceeds of $1,306,000to the Conversion Warrants using relative fair value method. The
key factors in estimating the fair value of warrant were as follow:

                                              As of                       
  Risk-free rate of return                                          4.29  
  Estimated volatility rate                                        94.67  
  Dividend yield                                                       0  
  Spot price of