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Able View Global Inc. (NASDAQ: ABLV) stands as a premier brand management partner for international beauty and personal care brands aiming to establish a strong foothold in China. Recognized for its comprehensive service portfolio, Able View provides end-to-end solutions including marketing strategy, branding, digital and social media marketing, omnichannel sales, customer service, and integrated logistics such as overseas shipping, warehousing, and fulfillment. This multifaceted approach ensures that global brands can effectively penetrate and thrive in the competitive Chinese market.
Recently, Able View achieved significant milestones, including the successful completion of a business combination with Hainan Manaslu Acquisition Corp. (HMAC) on August 17, 2023. This merger bolstered Able View’s corporate structure, allowing it to leverage new growth opportunities and enhance shareholder value. Post-merger, the company's Class B ordinary shares and warrants began trading on the Nasdaq Capital Market under the symbols 'ABLV' and 'ABLVW', respectively.
In the fiscal year ending December 31, 2023, Able View reported record-breaking financial results, with revenue reaching $149 million and net income hitting $10 million. These impressive figures reflect a 3% increase in revenue and a remarkable 23% growth in net income compared to the previous year. Such financial performance underscores the company's robust operational framework and strategic execution in a highly competitive industry.
With a mission to help global brands enter, grow, and succeed in China, Able View aims to enhance the power and premium status of these brands across the Chinese market. The company serves as a critical bridge between global brand owners and Chinese consumers, ensuring seamless market entry and sustained growth through its holistic brand management services.
Able View Global (NASDAQ-CM: ABLV), a major brand management partner for international beauty and personal care brands in China, has completed a $4 million convertible notes financing with three non-U.S. investors. The notes carry an 8% annual interest rate, 20% original issue discount, and mature in three years. They are convertible into Class B Ordinary Shares at the higher of 75% of the lowest 10-day VWAP or $0.6 per share. Investors will receive warrants to purchase additional shares upon conversion. The funds will support working capital and potential M&A activities.
Able View Global (Nasdaq: ABLV) received a notification from Nasdaq on October 30, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock failed to maintain the required $1.00 minimum bid price from September 18 through October 29, 2024. Able View has until April 28, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. If unsuccessful, the company may be eligible for an additional compliance period, provided it meets other listing requirements. If the stock price falls to $0.10 or less for ten consecutive days, Nasdaq will issue a delisting determination.
Able View Global Inc. (NASDAQ:ABLV) reported record revenue of $149 million and net income of $10 million for the fiscal year ending December 31, 2023. The company achieved a 3% revenue increase, 14% gross profit increase, and 23% net income increase compared to the previous year. Able View completed a merger with HMAC and saw positive cash flow and equity growth.
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