AlphaVest Acquisition Corp
8.53-0.48 (-5.28%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · ATMV · USD
Key Stats
Market Cap
19.96MP/E (TTM)
23.68Basic EPS (TTM)
0.36Dividend Yield
0%Recent Filings
8-K
AlphaVest trust extended
AlphaVest Acquisition Corp extended its deadline for completing a business combination by depositing $55,000 into its trust account on each of October 22 and 23, 2025, boosting the redemption value to $12.09 per share. This follows redemptions of 1,399,308 shares from September meetings, pulling $16.9 million from the trust. Funds dwindle.
8-K
Clarifies SPAC redemption procedures
AlphaVest Acquisition Corp filed supplemental proxy materials on September 12, 2025, clarifying redemption procedures for shareholders ahead of its Extraordinary General Meeting on September 19, 2025, to vote on extending the deadline for its business combination with AMC Corporation. The update ensures public shares submitted for redemption in the prior September 5 meeting are properly handled if the extension proceeds or the deal closes by September 22. No assurance exists on holding the meeting. This aids smoother navigation through potential delays.
8-K
SPAC approves AMC merger
AlphaVest Acquisition Corp shareholders overwhelmingly approved the business combination with AMC Corporation on September 5, 2025, paving the way for a merger that domesticate the SPAC into Delaware-based AMC Robotics Corporation. The deal secures $8 million in PIPE financing to fuel AMC's AI-powered warehouse robot rollout, with closure eyed in coming weeks despite $18.3 million in trust redemptions. Risks loom from unmet closing conditions. Votes sailed through.
10-Q
Q2 FY2025 results
AlphaVest Acquisition Corp posted a net income of $23,368 for Q2 ended June 30, 2025, down sharply from $382,746 a year earlier, as interest income on trust investments fell to $191,641 from $530,141 amid lower rates, while formation costs edged up 14% y/y to $168,274. For the half-year, net income shrank to $32,064 from $731,987, with operating losses steady at $346,757 versus $384,323. Trust assets held firm at $18.8M, bolstered by $385,000 in extension deposits, but cash scraped by at $4,216 against $2.5M in liabilities, including $1.8M in related-party notes. Merger talks with AMC advanced in June, bumping enterprise value to $180M with a December deadline. Non-GAAP metrics not disclosed in the 10-Q. Yet liquidity strains persist. Deadlines loom tight.
8-K
SPAC amends merger deal
AlphaVest Acquisition Corp amended its business combination agreement with AMC Corporation on June 25, 2025, boosting the enterprise value from $175 million to $180 million while extending the termination date to December 31, 2025. This tweak signals sustained commitment amid merger negotiations. Deal hinges on shareholder approval. Risks include potential termination or failure to secure financing.
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