Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 124

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4A
Chunk 124
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 grant our customers credit term up to 90 days.

We do not believe we have a material collection
risk under our business model that will have a negative impact on collectability, and no significant written-off occurred historically.
Therefore, we do not have substantial doubt on the collectability of the remaining accounts balances, and we do not provide allowance
against accounts receivable as of December 31, 2024 and 2023.

On March 22, 2024, the Company entered into a
Loan Agreement (the “ Loan Agreement”) with High West Capital Partners, LLC (the “ Lender”), pursuant to which the
Lender agreed to lend to the Company (the “ Loan”) amounts to be extended in four tranches. The amount of each tranche of the
Loan is adjusted depending on the trading price of the Company’s Class B Ordinary Shares. The first tranche, extended on March 28,
2024, provided the Company with loan proceeds of approximately $0.59 million; the second tranche, extended on April 9, 2024, provided
the Company with loan proceeds of approximately $0.69 million; the third and final tranche, extended on April 18, 2024, provides the Company
with loan proceeds of approximately $0.91 million. Each tranche of the Loan has a maturity date of five years from the date the tranche
is extended and an interest of 5.05% per annum to be paid by the Company to the Lender in semi-annual installments. The Loan Agreement
contains other customary provisions, and is governed by the laws of Hong Kong.

On November 4, 2024, we consummated the issuance
and sale of certain convertible notes in the principal amount of $5.0 million (the “ Notes”) to three investors (the “ Note
Purchasers”). Such principal amount includes an original issue discount of 20%. The Notes have an interest rate of 8% per annum,
and maturity of three (3) years. On November 25, 2024, the Company issued an aggregation of 7,751,939 Class B Ordinary Shares at the conversion
price of $0.645 per share and 7,751,939 warrants (“ Conversion Warrants”) with an exercise of $0.645 per share, to the Note
Purchasers.

Moreover, given the current disparity between
the exercise price of the Pubco Warrants (defined below) and the current trading