AlphaVest Acquisition Corp Announces Pricing of $60 Million Initial Public Offering
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.
- Initial public offering of 6,000,000 units at $10 each indicates investor interest.
- Listing on Nasdaq under the symbol ATMVU expands the company's visibility.
- Focus on acquiring businesses in Asia can provide growth opportunities.
- No assurance that the offering will close or the proceeds will be used as planned.
- Forward-looking statements are subject to conditions beyond the company's control.
New York, NY, Dec. 19, 2022 (GLOBE NEWSWIRE) -- AlphaVest Acquisition Corp (the “Company”) today announced the pricing of its initial public offering of 6,000,000 units at a price of
The Company is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, the Company intends to focus its search on businesses throughout Asia.
EarlyBirdCapital, Inc. is acting as sole bookrunning manager of the offering and Revere Securities is acting as co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 19, 2022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc., Attention: Syndicate Department, 366 Madison Avenue, 8th Floor, New York, New York 10017, or by telephone at 212-661-0200.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contact:
Taylor Zhang
Email: taylorzhang@irimpact.com
203-998-5540
FAQ
What is the significance of the initial public offering for ATMVU?
When will trading of ATMVU units begin?
What are the components of each unit in the ATMVU offering?
Who is managing the ATMVU IPO?
What is the company's focus for acquisitions?
