Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 218

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 218
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uable upon exercise of the warrants may be
adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization,
merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price.
Additionally, in no event will the Company be required to net cash settle the warrants.

As the Public Warrants meet the criteria for equity
classification under ASC 480 and ASC 815, therefore, the warrants are classified as equity. As of December 31, 2024, the Company had6,900,000Public Warrants to purchase6,900,000Class B Ordinary Shares.

Private Warrants

Simultaneously with the closing of the initial
public offering of HMAC, HMAC also sold341,500Private Placement Units in a private placement. Each Private Placement Unit consists
of one ordinary share (“private placement share”), one redeemable warrant (“ Private Warrant”)
and one right (“ Private Right”) to receive one-tenth (1/10) of one ordinary share. Each Private Warrant entitles
the holder to purchase one ordinary share at an exercise price of $11.50per whole share. Each Private Right entitles the
holder to receive one-tenth (1/10) of one ordinary share upon consummation of the business combination.

The Private Placement Units are identical to the
Public Units being sold in the initial public offering of HMAC except that Private Placement Units will not be transferable, assignable
or saleable until 30 days after the completion of the business combination and will be entitled to registration rights.

As the Private Warrants meet the criteria for
equity classification under ASC 480 and ASC 815, therefore, the warrants are classified as equity. As of December 31, 2024, the Company
had341,500Private Warrants to purchase341,500Class B Ordinary Shares.

Public Rights and Private Rights

Each holder of a public right and private right
will automatically receive one-tenth (1/10) of an ordinary share upon consummation of a business combination, even if the holder of a
public right converted all ordinary shares held by him, her or it in connection with a business combination or an amendment to the Company’s
Amended and Restated Memorandum and Articles of Association with respect to its pre-business combination activities. Upon the closing
of the business combination of the Company and HMAC, the Company issued690,000Class B Ordinary Shares and