AlphaVest Acquisition Corp Unit - ATMVU STOCK NEWS

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

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.

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.

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.

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.