ABLVW Able View Global Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2024

 

Commission File Number: 001-41785

 

Able View Global Inc.

(Exact name of Registrant as specified in its charter)

 

Floor 16, Dushi Headquarters Building

No. 168, Middle Xizang Road

Shanghai, 200001, People’s Republic of China

+86 185 0177 0425

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒          Form 40-F ☐

 

 

 

Closing a Convertible Note Issuance

  

On November 4, 2024, Able View Global Inc. closed its previously announced issuance and sale of certain convertible notes (the “Notes”) to three (3) non-U.S. investors. The aggregate principal amount of the Notes upon closing was reduced from US$5,000,000 to US$4,000,000. No other terms of the Notes have changed since the previous announcement on Foreign Report on Form 6-K filed with the Securities and Exchange Commission on September 11, 2024, which is incorporated by reference herein. A press release announcing the closing is furnished as Exhibit 99.1 hereto.

 

Financial Statements and Exhibits

 

Exhibits.

  

Number
99.1		Press Release of Able View Global Inc., announcing the closing of issuance of certain convertible notes.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

November 8, 2024	Able View Global Inc.
	By:	/s/ Tang Jing
	Name:	Tang Jing
	Title:	Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

 

 

 

Exhibit 99.1

 

 

Able View Global Inc. Raises USD$4 Million from
Convertible Notes Financing to Propel Growth

 

SHANGHAI, CHINA / ACCESSWIRE / November 8, 2024 - Able View Global Inc. – (NASDAQ-CM: ABLV) (“Able View” or the “Company”) one of the largest comprehensive brand management partners of international beauty and personal care brands in China, is pleased to announce the successful completion on November 4, 2024 of the Company’s issuance and sale of convertible notes to three non-U.S. investors (the “Purchasers”).

 

Under the terms of the transaction, Able View has issued convertible notes (the “Notes”) totaling a principal amount of USD$4,000,000 to the three Purchasers. These Notes feature an interest rate of 8% per annum, an original issue discount of 20%, and a maturity term of three (3) years. The Notes are convertible into Class B Ordinary Shares of the Company (the “Conversion Shares”) at the option of the Purchasers, at a conversion price (the “Conversion Price”) of the higher of (i) 75% of the lowest volume-weighted average trading price of the Class B Ordinary Shares during the ten (10) latest consecutive business days preceding the conversion, and (ii) $0.6 per Class B Ordinary Share. In addition, the Company will issue the Purchasers warrants to purchase one (1) Class B Ordinary Share per Conversion Share (the “Conversion Warrants”) upon the conversion of the Notes, with the exercise price of such Conversion Warrants the same as the Conversion Price of the Notes.

 

The funds raised will be used to enhance the Company’s working capital and support potential mergers and acquisitions.

 

About Able View Global Inc.

 

Able View is China’s second-largest e-commerce hub for international beauty and personal care brands, offering a comprehensive suite of brand-management services. These services include strategic planning, branding, digital and social marketing, omni-channel sales, customer service, and integrated logistics such as overseas shipping, warehousing, and fulfilment. Able View owns and manages a diverse portfolio of products that range from niche to prestige and masstige categories, solidifying a strong presence in the Chinese market. The Company’s mission is to enhance these brands’ power and premium status, ensuring sustainable growth and long-term success in China. The Company’s website is www.ableviewir.com. The Company routinely posts important updates on its website.

 

For further information, please contact:

 

Able View Global Inc.

Mr. Dennis Tang, CFO

E: info@ableview.com

 

CHF Capital Markets (IR)
Cathy Hume, CEO
T: 416-868-1079 x 251
E: cathy@chfir.com   

Follow us on Social Media

 

Website: www.ableviewir.com

Twitter: https://twitter.com/ableviewglobal

LinkedIn: https://www.linkedin.com/company/ableview/

Facebook: https://www.facebook.com/profile.php?id=61554714879072
Instagram: https://www.instagram.com/ableviewglobal/

 

Forward-Looking Statements

 

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Able View expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Able View’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based except as required by the applicable law, regulations or rules.

 

 

 

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