AlphaVest Acquisition Corp. Faces Delisting Concerns

Ticker: AMCI · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1937891

Sentiment: bearish

Topics: delisting, listing-standards, regulatory-filing

TL;DR

AlphaVest Acquisition Corp. might get delisted, filing shows.

AI Summary

AlphaVest Acquisition Corp. filed an 8-K on November 27, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on November 12, 2024. 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 potential issues with AlphaVest Acquisition Corp.'s continued listing on the stock exchange, which could impact its trading status and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's trading viability and investor confidence.

Key Players & Entities

FAQ

What is the specific reason for AlphaVest Acquisition Corp.'s potential delisting?

The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule or standard not met.

When was the earliest event reported that led to this notice?

The earliest event reported was on November 12, 2024.

What is the company's jurisdiction of incorporation?

AlphaVest Acquisition Corp. is incorporated in the Cayman Islands.

Where are AlphaVest Acquisition Corp.'s principal executive offices located?

The principal executive offices are located at 420 Lexington Ave, Suite 2446, New York, NY.

What is the SEC file number for this filing?

The SEC file number is 001-41574.

Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 15.1 · Accepted 2024-11-27 16:15:31

Key Financial Figures

Filing Documents

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 12, 2024 ALPHAVEST ACQUISITION CORP (Exact name of registrant as specified in its charter) Cayman Islands 001-41574 N/A (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 205 W. 37th Street New York , NY 10018 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code 203 - 998-5540 Not Applicable (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one ordinary share and one right ATMVU The Nasdaq Stock Market LLC Ordinary Shares, par value $0.0001 per share ATMV The Nasdaq Stock Market LLC Rights, each right entitling the holder thereof to one-tenth of one ordinary share ATMVR The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing. On November 12, 2024, AlphaVest Acquisition Corp (the "Company") received notification that its voluntary application to transfer the listing of its ordinary shares, par value $0.0001 per share (the "Ordinary Shares"), its units (the "Units") and its rights, with each right entitling the holder thereof to one-tenth of one Ordinary Share (the "Rights," and together with the Ordinary Shares and Units, the "Securities") from The Nasdaq Global Market (the "Global Market") to The Nasdaq Capital Market (the "Capital Market") had been approved by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"). The Securities begun trading on the Capital Market at the opening of trading on November 14, 2024. The Capital Market is one of the three market tiers for Nasdaq-listed stock and is a continuous trading market that operates in substantially the same manner as the Global Market. The Securities will continue to trade under the symbols "ATMV," "ATMVU" and "ATMVR" and the Company does not expect the transfer to the Capital Market to have any material impact on the trading of its Securities. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALPHAVEST ACQUISITION CORP By: /s/ Yong (David) Yan Name: Yong (David) Yan Title: Chief Executive Officer Dated: November 27, 2024

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