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WebsiteIntroduction
AlphaVest Acquisition Corp (NASDAQ: ATMV) is a special purpose acquisition company established to effectuate a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company does not restrict itself to a specific industry or geographic region, although its initial focus is on identifying targets in Asia. AlphaVest will not complete its initial business combination with an entity that consolidates operations in China through a variable interest entity (VIE) structure.
Corporate Structure and Experience
AlphaVest’s board and management team comprises professionals in financial services, accounting, and legal sectors alongside senior operating executives with experience in mergers and acquisitions. David Yan serves as Chief Executive Officer, drawing on a background in quantitative finance and risk management. Legal counsel is provided by Winston & Strawn LLP, and financial advisors include EarlyBirdCapital, Inc. and Small Seashell Limited. AlphaVest maintains its headquarters in New York, with operational oversight of its wholly owned subsidiary, AV Merger Sub, which is the acquisition vehicle for its business combinations.
SPAC Merger by yang miao
Recent Developments and News
- On August 16, 2024, AlphaVest entered into a Business Combination Agreement with AMC Corporation, a provider of computer vision AI platforms for smart security and consumer electronics. The transaction will result in AMC stockholders receiving shares of AlphaVest capital stock and is expected to close in the fourth quarter of 2024, subject to regulatory and stockholder approvals. After closing, the combined entity will trade under the name AMC Corporation on NASDAQ, under a new ticker symbol.
- On September 12, 2025, AlphaVest filed Supplement No. 2 to its definitive proxy statement (DEFA14A) in advance of an Extraordinary General Meeting scheduled for September 19, 2025. The supplemental materials clarify procedures for shareholder redemption of ordinary shares and other voting mechanics.
Financial and Strategic Analysis
As of September 19, 2025, ATMV shares were trading at $20.14, reflecting a 33.29% increase for the day on NASDAQ, with a volume of 111,331 shares. As a blank-check company, AlphaVest holds its capital in trust pending the completion of a business combination. The forthcoming merger with AMC Corporation is expected to transition AlphaVest from a SPAC structure into an entity focused on Vision AI, leveraging AMC’s existing customer base in home security and its augmented reality wearable products. The management anticipates accessing U.S. capital markets post-transaction and applying its mergers and acquisitions expertise towards further growth initiatives.
Market Position and Industry Context
AlphaVest operates within the SPAC sector, which experienced increased activity in 2020–2021 and has since become more selective due to regulatory scrutiny and shifts in investor preferences. By targeting a provider of native AI platforms in the smart home and security market, AlphaVest aligns with demand for Internet-of-Things integration and edge-computing AI solutions. The success of the AMC merger will determine the combined company’s competitive position among Vision AI firms and its capacity to expand in small and medium business applications.
tl;dr
An Extraordinary General Meeting is scheduled for September 19, 2025, to approve shareholder redemption procedures ahead of AlphaVest’s proposed merger with AMC Corporation, which remains on track for a fourth-quarter 2024 closing pending approvals. The combined public company will operate under the AMC Corporation name on NASDAQ under a new ticker. Shareholders’ votes on redemption rights and merger approval will determine the transition timetable from SPAC to operating Vision AI entity.
