Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 185

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 185
---
 Business Combination
Agreement”) modified by that certain Waiver Agreement, dated as of June 12, 2023, by and among (i) the Company, (ii) HMAC, (iii)
Ableview Cayman, (iv) Merger Sub, and (v) each of the holders of Ableview Cayman’s outstanding shares (collectively, the “ Sellers”).

On August 17, 2023, the closing date of the Business
Combination (as defined below), pursuant to the Business Combination Agreement, (a) HMAC merged with Merger Sub, with HMAC continuing
as the surviving entity in the merger (the “ Merger”), as a result of which: (i) HMAC became a wholly-owned subsidiary
of the Company and (ii) each issued and outstanding security of HMAC immediately prior to the consummation of the Merger was no longer
outstanding and automatically cancelled, in exchange for the right of the holder thereof to receive a substantially equivalent security
of the Company, and (b) the Company acquired all of the issued and outstanding shares of Ableview Cayman held by the Sellers in exchange
for the Class A Ordinary Shares and Class B Ordinary Shares of the Company (“ Business Combination”). As a result of the above
transactions, HMAC and Ableview Cayman each became a wholly-owned subsidiary of the Company.

F-8

ABLE VIEW GLOBAL INC.

1. ORGANIZATION
AND BUSINESS DESCRIPTION(cont.)

Reverse recapitalization (cont.)

Upon closing of the Business Combination, the
Company acquired all of the issued and outstanding securities of Ableview Cayman in exchange for (i)24,871,433of the Company’s
Class A Ordinary Shares, (ii)17,487,800of the Company’s Class B Ordinary Shares, and (iii) earn out payments consisting of up
to an additional1,600,000of the Company’s Class B Ordinary Shares if the Company’s net revenues for the year ended December
31, 2023 are equal to or in excess of $170million, and an additional1,600,000of the Company’s Class B Ordinary Shares if the
Company’s net revenues for the year ended December 31, 2024 are in equal to or in excess of $200million. For the years ended December
31, 2024 and 2023, the performance condition was not met based on the consolidated statements of operations. As of the date of issuance
of the consolidated financial statements, the contingent consideration