Company: ABLV
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001213900-25-093928
Chunk: 27

Company: Able View Global Inc.
Filing Date: 2025-09-30
Form: 6-K
Chunk 27
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 in the accompanying condensed consolidated financial statements prepared in accordance with U.S. GAAP
differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries. The Company is required to
set aside at least % of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds
reach % of its registered capital. In addition, the Company may allocate a portion of its after-tax profits based on PRC accounting
standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. The statutory reserve funds and the discretionary
funds are not distributable as cash dividends.

The statutory reserve is required to set aside
annually. Accordingly, the Company’s PRC profit generating subsidiaries did not set aside statutory reserve funds or the six months
ended June 30, 2025 and 2024.

As of June 30, 2025 and December 31, 2024, the
Company had net restricted assets of $ and $, which represented paid-in capital and statutory reserves that are included
in the Company’s consolidated net assets.

Warrants issued in connection with settlement of convertible notes

In connection with issuance of convertible notes
closed in November 2024, on November 25, 2024, the Company issued an aggregation of Class B Ordinary Shares and Conversion
Warrants to three Purchasers at conversion price of $ per share to settle the convertible notes.

The Conversion may only be exercised for a whole
number of shares. No fractional shares will be issued upon exercise of the Conversion. The Conversion Warrants will expire one year from
the issuance of the Conversion Warrants. The Conversion Warrants may be exercised on a cashless basis. The exercise price and number of
Class B Ordinary Shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a subdivision,
reclassification and reorganization, spinoffs. However, the warrants will not be adjusted for issuances of ordinary shares at a price
below its exercise price.

As the Conversion Warrants meet the criteria for
equity classification under ASC 815, therefore, the Conversion Warrants are classified as equity. On November 4, 2024, the fair value
of the Conversion Warrants is estimated at fair value of approximately $ using Black-Scholes model, and the Company allocated
proceeds of $ to the Conversion Warrants using relative fair value method.

|                                        |     | As of       
 November 4, 
 202