M&A - AlphaVest Acquisition Corp.

Form Type: 425

Filing Date: 2025-07-01

Corporate Action: Merger

Type: New

Accession Number: 000164117225017371

Filing Summary: On June 25, 2025, AlphaVest Acquisition Corp entered into an Amendment to the Business Combination Agreement originally dated August 16, 2024. The Amendment modifies specific terms of the agreement, notably increasing the Enterprise Value from $175 million to $180 million and extending the Termination Date to December 31, 2025. The document provides additional information outlining that the Company and SPAC may solicit proxies from shareholders regarding the proposed Business Combination. It indicates that a registration statement on Form S-4 has been filed, which includes a preliminary proxy statement and will be followed by a definitive proxy statement once declared effective. The filing represents a crucial step in the merger process aimed at combining AlphaVest Acquisition Corp with AMC Corporation, and stakeholders are advised to monitor related documents for further details.

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Merger

Type: Update

Accession Number: 000164117225017369

Filing Summary: On June 25, 2025, AlphaVest Acquisition Corp. entered into an Amendment to the Business Combination Agreement with AV Merger Sub and AMC Corporation. The Amendment increases the Enterprise Value from $175 million to $180 million and extends the Termination Date of the Business Combination Agreement to December 31, 2025. Shareholders will receive a preliminary proxy statement/prospectus about the Business Combination once filed, following which a definitive proxy statement/prospectus will be mailed. The amended proposal contains forward-looking statements regarding operational forecasts and risks involved in the completion of the merger, such as obtaining shareholder approval and satisfying closing conditions. The communication emphasizes that it does not constitute an offer or solicitation of securities.

Form Type: 10-Q

Filing Date: 2025-05-20

Corporate Action: Merger

Type: Update

Accession Number: 000164117225011546

Filing Summary: AlphaVest Acquisition Corp is undergoing a merger process as part of its business operations. The company has signed a business combination agreement with AV Merger Sub and AMC Corporation, which is structured to ensure AMC becomes a wholly owned subsidiary following the merger. Notably, a previous business combination agreement with Wanshun Technology Industrial Group was terminated on March 18, 2024, signaling a shift in the direction of their merger strategy. The financial statements indicate that as of March 31, 2025, the company possesses significant resources in trust accounts, with ongoing operations related to the merger. They also underwent shareholder approvals for extending the date to complete the merger several times, with the current deadline set for September 22, 2025. The major concerns are the potential redemptions by shareholders, which could impact the cash available for the merger as seen with the substantial shares redeemed in past shareholder meetings.

Form Type: 10-K

Filing Date: 2025-04-14

Corporate Action: Merger

Type: Update

Accession Number: 000164117225004572

Filing Summary: AlphaVest Acquisition Corp, incorporated in the Cayman Islands, is a blank check company aiming to complete a business combination. As of December 31, 2024, the company had not commenced operations, generating no revenues and primarily focusing on the acquisition of businesses predominantly in Asia. The Company successfully completed its Initial Public Offering (IPO) on December 22, 2022, raising a total of $69 million. A business combination agreement was entered into with Wanshun Technology Industrial Group Limited, where a merger is to be executed, with Wanshun becoming a wholly owned subsidiary of AlphaVest. Shareholder votes in December 2023 approved extensions for the business combination deadline to 2024, with further extension provisions through 2025. Shareholders redeemed portions of their shares during this period, significantly impacting available funds in the Trust Account. As of April 14, 2025, the preparation for the merger with Wanshun is actively in progress, with several extensions and negotiations ongoing regarding the completion timeline. The strategic focus remains on sourcing and evaluating suitable candidates for acquisitions that promise robust growth and solid management teams. The firm has identified Asia for potential acquisitions due to anticipated market growth and favorable conditions for business expansion.