Able View Global Inc. Raises USD$4 Million from Convertible Notes Financing to Propel Growth
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-CM: ABLV), un importante partner di gestione del marchio per brand internazionali nel settore della bellezza e della cura personale in Cina, ha completato un finanziamento di 4 milioni di dollari tramite note convertibili con tre investitori non statunitensi. Le note presentano un tasso di interesse annuale dell'8%, uno sconto iniziale del 20% e scadono tra tre anni. Possono essere convertite in azioni ordinarie di Classe B al prezzo più elevato tra il 75% della media ponderata per volume degli ultimi 10 giorni o $0.6 per azione. Gli investitori riceveranno opzioni per acquistare azioni aggiuntive al momento della conversione. I fondi supporteranno il capitale circolante e potenziali attività di fusione e acquisizione.
Able View Global (NASDAQ-CM: ABLV), un importante partner de gestión de marcas para marcas internacionales de belleza y cuidado personal en China, ha completado un financiamiento de 4 millones de dólares a través de notas convertibles con tres inversores no estadounidenses. Las notas llevan una tasa de interés anual del 8%, un descuento inicial del 20% y vencen en tres años. Se pueden convertir en acciones ordinarias de Clase B al precio más alto entre el 75% del promedio ponderado por volumen de los últimos 10 días o $0.6 por acción. Los inversores recibirán opciones para comprar acciones adicionales al momento de la conversión. Los fondos respaldarán el capital de trabajo y posibles actividades de fusiones y adquisiciones.
Able View Global (NASDAQ-CM: ABLV)는 중국의 국제 미용 및 개인 관리 브랜드를 위한 주요 브랜드 관리 파트너이며, 세 명의 비 미국 투자자와 함께 400만 달러의 전환 사채 금융을 완료했습니다. 이 사채는 연 8%의 이자율, 20%의 최초 발행 할인으로, 만기는 3년입니다. 이 사채는 최근 10일 거래량 가중 평균(VWAP)의 75% 또는 주당 $0.6 중 더 높은 가격으로 B 클래스 보통주로 전환할 수 있습니다. 투자자는 전환 시 추가 주식을 구매할 수 있는 워런트를 받게 됩니다. 자금은 운영 자본 및 잠재적인 인수합병 활동을 지원할 것입니다.
Able View Global (NASDAQ-CM: ABLV), un partenaire majeur de gestion de marques pour les marques internationales de beauté et de soins personnels en Chine, a finalisé un financement de 4 millions de dollars par le biais d'obligations convertibles avec trois investisseurs non américains. Les obligations portent un taux d'intérêt annuel de 8%, un escompte d'émission de 20% et arrivent à échéance dans trois ans. Elles peuvent être converties en actions ordinaires de classe B au plus élevé de 75 % de la moyenne pondérée par le volume des 10 derniers jours ou 0,6 $ par action. Les investisseurs recevront des bons pour acheter des actions supplémentaires lors de la conversion. Les fonds soutiendront le fonds de roulement et de possibles activités de fusions et acquisitions.
Able View Global (NASDAQ-CM: ABLV), ein bedeutender Markenmanagement-Partner für internationale Schönheits- und Körperpflege-Marken in China, hat eine Finanzierung über 4 Millionen Dollar durch wandelbare Anleihen mit drei nicht-US-amerikanischen Investoren abgeschlossen. Die Anleihen tragen einen jährlichen Zinssatz von 8%, einen ursprünglichen Ausgabeabschlag von 20% und haben eine Laufzeit von drei Jahren. Sie können in Stammaktien der Klasse B zum höheren Preis von 75% des niedrigsten 10-Tage VWAP oder 0,6 USD pro Aktie umgewandelt werden. Die Investoren erhalten beim Umtausch Optionsscheine für den Kauf zusätzlicher Aktien. Die Mittel werden das Betriebskapital und mögliche M&A-Aktivitäten unterstützen.
- Secured $4 million in financing to strengthen working capital
- Funding available for potential M&A opportunities
- 20% original issue discount reduces effective capital raised
- Potential shareholder dilution from convertible notes and warrants
- Conversion price at 25% discount to market price could pressure stock
Insights
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While the capital injection strengthens the working capital position and provides M&A flexibility, the terms suggest the company had financing alternatives. The structure potentially creates downward pressure on the stock price due to conversion dynamics and warrant overhang. Investors should monitor the company's ability to deploy this capital effectively to generate returns that offset the financing costs.
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
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
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.
View the original press release on accesswire.com
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