Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 186

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 186
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 expired, the contingent consideration expired.

After giving effect to the Business Combination
and the issuance of the Class A Ordinary Shares and Class B Ordinary Shares described above, there are24,871,433shares of Class A Ordinary
Shares issued and outstanding, and17,487,800shares of Class B Ordinary Shares issued and outstanding.

Able View Global has also capitalized offering
cost of $3,472,759, which was recorded as reduction against additional paid-in capital.

The reverse recapitalization is equivalent to
the issuance of securities by the Company for the net monetary assets of HMAC, accompanied by a recapitalization. The Company debited
equity for the fair value of the net liabilities of HMAC. In the subsequent financial statements after the Business Combination, the amounts
of assets and liabilities for the period before the reverse recapitalization in financial statements, are presented as the Company’s
and recognized and measured at their pre-combination carrying amounts.

Disposal of HMAC

On December 18, 2023, HMAC ceased being a subsidiary
of the Company as a result of it being disposed to a third party. HMAC was a holding company. The management believed the disposal of
HMAC does not represent a strategic shift, in both operating and financing aspects, because it is not changing the way it is running its
business. The Company has not shifted the nature of its operations or the major geographic market area. The management believed the deconsolidation
of HMAC does not represent a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.
The disposal is not accounted for as discontinued operations in accordance with ASC 205-20. On closing of Business Combination with HMAC,
the Company debited equity for the fair value of the net liabilities of HMAC. On disposal of HMAC, the Company credited additional paid-in
capital of $472,631from disposal of HMAC, which represented the difference between the consideration of $ niland HMAC’s net liability
as of the disposal date.

Receipt of Nasdaq Notification Regarding Minimum
Bid Price Deficiency

On October 30, 2024, the Company received a notification
letter from the Nasdaq Listing Qualifications Department (“ Nasdaq”) notifying the Company that it is not in compliance with
the minimum bid price requirement from September 18, 2024 through October 29, 2024. As set forth in the Nasdaq Listing Rules 5550(a)(2)
(“ Nasdaq Listing Rule”), it requires that