Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 85

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4
Chunk 85
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ITEM 4. INFORMATION ON THE COMPANY

A. History and Development of the Company

The Company was incorporated under the laws of
the Cayman Islands on October 11, 2021 solely for the purpose of effectuating the Business Combination.

On August 17, 2023 (the “ Closing Date”),
the Company consummated the Business Combination contemplated by that certain Business Combination Agreement, dated as of November 21,
2022 and as modified by that certain Waiver Agreement, dated as of June 12, 2023, by and among (i) the Company, (ii) HMAC, (iii) Target,
(iv) Able View Corporation Inc., a Cayman Islands exempted company and a wholly owned subsidiary of the Company (“ Merger Sub”),
and (v) each of the holders of the Target’s outstanding shares named on Annex I of the Business Combination Agreement (collectively,
the “ Sellers”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Business
Combination Agreement.

On the Closing Date, 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 specified below, and (b) the Company acquired
all of the issued and outstanding shares of Target held by the Sellers in exchange for the ordinary shares of the Company.

As a result of the Business Combination, HMAC
and Target each became a wholly-owned subsidiary of the Company.

See also a description of the material terms of
the Business Combination as described in the Form F-4 in the section entitled, “The Business Combination Proposal”.

The mailing address of the Company’s principal
executive office is Floor 16, Dushi Headquarters Building, No. 168, Middle Xizang Road, Shanghai, 200001, People’s Republic of China,
and its telephone number is +86 185 0177 0425. The information contained on, or accessible through, the Company’s website is not
incorporated by reference into this Report, and you should not consider it a part of this Report.

The Company is subject to