on Able View Global Inc.
Able View Global Inc. Secures $4 Million through Convertible Notes
Able View Global Inc., a prominent brand management company for international beauty and personal care brands in China, announced on November 8, 2024, the completion of its USD $4 million convertible notes financing. The transaction was finalized on November 4, 2024, involving three non-U.S. investors.
The issued convertible notes carry an 8% annual interest and come with a 20% original issue discount, maturing in three years. The notes allow conversion into Class B Ordinary Shares, with the conversion price based on market conditions. Additionally, investors receive warrants with the same exercise price as the conversion price.
The funding aims to boost Able View's working capital and support strategic mergers and acquisitions. The company continues to strengthen its position in China's e-commerce sector for beauty and personal care brands.
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