STOCK TITAN

AlphaVest Acquisition Corp Ordinary Shares - ATMV STOCK NEWS

Welcome to our dedicated page for AlphaVest Acquisition Ordinary Shares news (Ticker: ATMV), a resource for investors and traders seeking the latest updates and insights on AlphaVest Acquisition Ordinary Shares stock.

AlphaVest Acquisition Corp Ordinary Shares (Symbol: ATMV) is a blank check company, established to facilitate mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. With a strategic focus on identifying high-growth potential sectors, AlphaVest is dedicated to driving value through thoughtful and diligent investment selection.

Although the company currently does not have active business operations, its primary objective is to leverage its management team's extensive experience and network to identify and partner with a thriving business. This proactive approach aims to create substantial value for its shareholders.

AlphaVest's recent activities include advisory roles and discussions with entities like Wanshun Technology Industrial Group Limited, showcasing its commitment to exploring diverse opportunities. Investors can rely on the company's transparent communication, evidenced by their cautionary notes on forward-looking statements and regular updates on potential business combinations.

For the latest news and updates, investors can reach out to David Yan through email at david.yan@alphavestacquisition.com or call 203-998-5540.

Rhea-AI Summary

AlphaVest Acquisition Corp (NASDAQ: ATMV) has announced a merger agreement with AMC , a leading provider of native computer vision AI platforms. The transaction, structured as a business combination, is expected to close in Q4 2024, subject to regulatory and stockholder approvals. Upon completion, the combined company will operate as AMC and remain NASDAQ-listed under a new ticker symbol.

AMC specializes in smart security and consumer electronics solutions, including internet-connected smart home products and augmented reality wearables. The merger aims to provide ATMV investors with an equity stake in a pioneering Vision AI company established in the home security market and expanding into small to medium business use cases.

This announcement follows ATMV's termination of its previously announced business combination agreement with Wanshun Technology Industrial Group on March 13, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
-
Rhea-AI Summary

AlphaVest Acquisition Corp (NASDAQ: ATMV) has announced a merger agreement with AMC , a leading provider of native computer vision AI platforms. The transaction, valued at $175 million, is expected to close in Q4 2024, subject to regulatory and stockholder approvals. Upon completion, the combined company will operate as AMC and remain NASDAQ-listed under a new ticker symbol.

AMC specializes in smart security and consumer electronics solutions, including internet-connected smart home products and augmented reality wearables. The merger aims to capitalize on the growing business security market, leveraging AMC's Vision AI solutions. This business combination replaces ATMV's previously terminated agreement with Wanshun Technology Industrial Group

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Alphavest Acquisition Corp (NASDAQ: ATMV) has adjourned its Extraordinary General Meeting of Shareholders to December 21, 2023, to solicit additional votes on the matters listed in the notice of the meeting and the proxy statement. Only shareholders of record as of December 7, 2023, are entitled to vote at the meeting, either in person or by proxy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
AlphaVest Acquisition Corp (NASDAQ: ATMV) has announced a Business Combination Agreement with Wanshun Technology Industrial Group Limited. The transaction is valued at approximately $300 million and is expected to be completed in Q4 2023 or early 2024, subject to regulatory and stockholder approval. The combined company will operate under the name Wanshun Technology Industrial Group Limited and remain listed on NASDAQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
-
Rhea-AI Summary

AlphaVest Acquisition Corp announced that underwriters exercised the full over-allotment option for its IPO, purchasing an additional 900,000 units at $10.00 per unit, raising a total of $69 million. Consequently, 6,900,000 units are now listed on Nasdaq under the symbol ‘ATMVU’. Each unit comprises one ordinary share and one right. The Company seeks to engage in business combinations, focusing on opportunities throughout Asia. EarlyBirdCapital, Inc. led the offering as sole bookrunner, with Revere Securities as co-manager.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

AlphaVest Acquisition Corp announced the pricing of its initial public offering of 6,000,000 units at $10.00 each. The units will be listed on Nasdaq under the ticker symbol ATMVU, trading begins on December 20, 2022. Each unit includes one ordinary share and one right for a fraction of a share upon a business combination. The offering, closing on December 22, 2022, focuses on acquiring businesses in Asia. EarlyBirdCapital, Inc. serves as the bookrunning manager. A 45-day underwriter option is also granted for an additional 900,000 units.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is the current stock price of AlphaVest Acquisition Ordinary Shares (ATMV)?

The current stock price of AlphaVest Acquisition Ordinary Shares (ATMV) is $11.25 as of November 18, 2024.

What is the market cap of AlphaVest Acquisition Ordinary Shares (ATMV)?

The market cap of AlphaVest Acquisition Ordinary Shares (ATMV) is approximately 78.8M.

What is AlphaVest Acquisition Corp?

AlphaVest Acquisition Corp is a blank check company aimed at facilitating mergers and business combinations.

What is the symbol for AlphaVest Acquisition Corp?

The stock symbol for AlphaVest Acquisition Corp is ATMV.

What sectors does AlphaVest target?

AlphaVest targets high-growth potential sectors for investment.

What recent activities has AlphaVest been involved in?

AlphaVest has been involved in advisory roles and discussions with entities like Wanshun Technology Industrial Group Limited.

How can investors contact AlphaVest for inquiries?

Investors can contact David Yan via email at david.yan@alphavestacquisition.com or call 203-998-5540.

Does AlphaVest have active business operations?

Currently, AlphaVest does not have active business operations but focuses on identifying and partnering with high-growth businesses.

What is the primary objective of AlphaVest?

The primary objective of AlphaVest is to create value through mergers, acquisitions, and business combinations.

Where can I find more information about AlphaVest's business combination activities?

For detailed information, refer to AlphaVest's cautionary notes and updates on their official announcements.

What is a blank check company?

A blank check company is an entity with no specific business plan, formed to raise capital through an initial public offering for future mergers and acquisitions.

How does AlphaVest ensure transparency with investors?

AlphaVest ensures transparency by providing regular updates on potential business combinations and maintaining open communication channels with investors.

AlphaVest Acquisition Corp Ordinary Shares

Nasdaq:ATMV

ATMV Rankings

ATMV Stock Data

78.82M
4.88M
30.37%
65.52%
0.05%
Shell Companies
Blank Checks
Link
United States of America
NEW YORK