- CEO
- Yong Yan
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 420 Lexington Avenue New York City NY United States of America 10170
- IPO Date
- Jan 25, 2023
- Business
- AlphaVest Acquisition Corp (NASDAQ: ATMV) is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company focuses on targets not limited to a particular industry or geographic location but initially emphasizes opportunities in Asia, while avoiding entities with China operations consolidated through a variable interest entity structure. AlphaVest Acquisition Corp was founded in 2022 and is headquartered in New York, New York.
As a SPAC, the company currently conducts no significant operations and maintains a trust account holding proceeds from its initial public offering of 6.9 million units priced at $10 each in December 2022; each unit comprises one ordinary share and one right to receive a fraction of a share upon a successful business combination.
In August 2024, AlphaVest Acquisition Corp entered into a definitive merger agreement valued at $175 million with AMC Corporation, a provider of native computer vision AI platforms, smart security and consumer electronics solutions including internet-connected smart home products and augmented reality wearables; the transaction, structured through ATMV's wholly owned subsidiary AV Merger Sub, received shareholder approval at an extraordinary general meeting on September 5, 2025, along with domestication to Delaware, and remains subject to final closing conditions including regulatory approvals with an expected completion in the near term. This follows the company's termination of a prior business combination agreement with Wanshun Technology Industrial Group in March 2024 and subsequent extensions of its combination deadline, including a proposed further extension addressed at an extraordinary general meeting scheduled for September 19, 2025, supported by an $8 million PIPE financing commitment; upon closing, the combined entity will operate as AMC Corporation and trade on NASDAQ under a new ticker symbol.