AlphaVest Acquisition Corp. Signs Material Definitive Agreement

TL;DR

AlphaVest (ATMVR) signed a material definitive agreement on 8/16/24. Big news incoming.

AI Summary

AlphaVest Acquisition Corp. entered into a Material Definitive Agreement on August 16, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in the Cayman Islands and its principal executive offices are located at 420 Lexington Ave, Suite 2446, New York, NY.

Why It Matters

This filing indicates a significant development for AlphaVest Acquisition Corp., likely related to a business combination or acquisition, which could impact its future operations and shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which suggests a significant transaction that carries inherent risks and uncertainties until its completion.

Key Players & Entities

• AlphaVest Acquisition Corp. (company) — Registrant
• August 16, 2024 (date) — Date of earliest event reported
• 420 Lexington Ave, Suite 2446 New York, NY 10170 (location) — Principal executive offices
• Cayman Islands (location) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — Market LLC Ordinary Shares, par value $0.0001 per share ATMV The Nasdaq Stock Mar
• $0.00001 — tion, shares of common stock, par value $0.00001 per share, of SPAC as contemplated purs
• $175,000,000 — n (for an aggregate enterprise value of $175,000,000); (ii) each Company Share held immed

Filing Documents

• form8-k.htm (8-K) — 91KB
• ex2-1.htm (EX-2.1) — 886KB
• ex10-1.htm (EX-10.1) — 76KB
• ex10-2.htm (EX-10.2) — 59KB
• ex10-3.htm (EX-10.3) — 60KB
• 0001493152-24-033573.txt ( ) — 1599KB
• atmvr-20240816.xsd (EX-101.SCH) — 4KB
• atmvr-20240816_def.xml (EX-101.DEF) — 27KB
• atmvr-20240816_lab.xml (EX-101.LAB) — 37KB
• atmvr-20240816_pre.xml (EX-101.PRE) — 26KB
• form8-k_htm.xml (XML) — 7KB

Business

Business Combination Agreement On August 16, 2024, AlphaVest Acquisition Corp, a Cayman Islands exempted company (" SPAC "), entered into a Business Combination Agreement (the " BCA ") by and among (i) SPAC, (ii) AV Merger Sub, a Washington corporation and wholly-owned subsidiary of SPAC (" Merger Sub "), and (iii) AMC Corporation, a Washington corporation (the " Company ," and collectively with SPAC and Merger Sub, the " Parties "). The Company creates and distributes innovative, and smart security and consumer electronics solutions. It makes high quality internet connected smart home products and augmented reality wearable products that are accessible, affordable, and easy-to-use. Pursuant to the BCA, subject to the satisfaction or waiver of certain conditions set forth therein, (i) prior to the Closing Date (defined below), SPAC shall transfer by way of continuation from the Cayman Islands to the State of Delaware and domesticate as a Delaware corporation in accordance with Section 388 of the General Corporation Law of the State of Delaware and Part XII of the Cayman Islands Companies Act (as Revised) (the " Domestication "), and (ii) immediately following the consummation of the Domestication, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and a wholly owned subsidiary of SPAC (the " Merger ") (the transactions contemplated by the BCA, including, but not limited to, the Domestication and the Merger, the " Business Combination "). The board of directors of SPAC (the " SPAC Board ") unanimously approved the BCA and the Business Combination and resolved to recommend the approval and adoption of the BCA and the Business Combination by the shareholders of SPAC. The Business Combination is expected to be consummated after obtaining the required approvals of the shareholders of SPAC and the Company and the satisfaction of certain other customary closing conditions. The closing of the Merger is referred to as t

View Full Filing

View this 8-K filing on SEC EDGAR