ABVC BioPharma, Inc announced that it has entered into a securities purchase agreement with Lind Global Fund II to issue a secured, convertible note in the principal amount of $1,000,000, for the purchase price of $833,333 on January 17, 2024. The Warrant may be exercised via cashless exercise in the event a registration statement covering the Warrant Shares is not available for the resale of such Warrant Shares or upon exercise of the Warrant in connection with a Fundamental Transaction. Allele Capital Partners, LLC together with its executing broker dealer, Wilmington Capital Securities, LLC , served as the exclusive placement agent of the Offering.

We have agreed to pay certain expenses of the placement agent in connection with the Offering and issued them a warrant to purchase up to 25,000 shares of common stock, on the same terms as set forth in the Warrant. The securities mentioned herein have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. Based in part upon the representations of Lind in the Securities Purchase Agreement, the offering and sale of the Securities was made in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D under the Securities Act and corresponding provisions of state securities or ?blue sky?

laws. The note is convertible into shares of the Company?s common stock at a conversion price, which shall be the lesser of $3.50 and 90% of the average of the three lowest VWAPs during the 20 trading days prior to conversion. The investor will also receive a 5-year, common stock purchase warrant to purchase up to 1,000,000 shares of the Company?s common stock at an initial exercise price of $2.00 per share.