AlphaVest Acquisition Corp. Files 8-K with Material Agreements
Ticker: AMCI · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1937891
Sentiment: neutral
Topics: material-agreement, financial-obligation, corporate-action
TL;DR
AlphaVest Acquisition Corp. just filed an 8-K detailing material agreements, financial obligations, and corporate changes. Big moves ahead.
AI Summary
AlphaVest Acquisition Corp. announced on December 18, 2024, that it entered into a material definitive agreement. The company also created a direct financial obligation and an obligation under an off-balance sheet arrangement. Additionally, there were amendments to its articles of incorporation or bylaws and a change in its fiscal year. The filing also indicates that matters were submitted to a vote of security holders.
Why It Matters
This 8-K filing indicates significant corporate actions by AlphaVest Acquisition Corp., including new agreements and potential changes to its structure or financial obligations, which could impact its future operations and investor outlook.
Risk Assessment
Risk Level: medium — The filing details material definitive agreements and financial obligations, which inherently carry risk, alongside potential corporate structure changes.
Key Players & Entities
- AlphaVest Acquisition Corp. (company) — Filer of the 8-K report
- December 18, 2024 (date) — Date of the earliest event reported
- December 19, 2024 (date) — Filing date of the report
FAQ
What is the nature of the material definitive agreement entered into by AlphaVest Acquisition Corp. on December 18, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What are the details of the direct financial obligation or off-balance sheet arrangement created by AlphaVest Acquisition Corp.?
The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but specific details are not included in the provided text.
What specific amendments were made to AlphaVest Acquisition Corp.'s articles of incorporation or bylaws?
The filing mentions amendments to articles of incorporation or bylaws, but the specific changes are not detailed in the provided text.
What matters were submitted to a vote of security holders by AlphaVest Acquisition Corp.?
The filing indicates that matters were submitted to a vote of security holders, but the specific matters are not elaborated upon in the provided text.
What is the significance of the change in AlphaVest Acquisition Corp.'s fiscal year?
The filing notes a change in fiscal year, but the reasons and implications of this change are not detailed in the provided text.
Filing Stats: 1,365 words · 5 min read · ~5 pages · Grade level 14.1 · Accepted 2024-12-19 17:29:09
Key Financial Figures
- $0.0001 — Market LLC Ordinary Shares, par value $0.0001 per share ATMV The Nasdaq Stock Mar
- $55,000 — e trust account (the " Trust Account ") $55,000 for each monthly extension until Septem
- $5,000,001 — y's net tangible assets to be less than $5,000,001. The foregoing description of the Art
- $35,956,676 — ust Account. As a result, approximately $35,956,676 (approximately $11.41 per share) will b
- $11.41 — pproximately $35,956,676 (approximately $11.41 per share) will be removed from the Tru
- $17,962,587 — t to pay such holders and approximately $17,962,587 will remain in the Trust Account. Follo
Filing Documents
- form8-k.htm (8-K) — 67KB
- ex3-1.htm (EX-3.1) — 29KB
- ex10-1.htm (EX-10.1) — 34KB
- 0001493152-24-050823.txt ( ) — 369KB
- atmvr-20241218.xsd (EX-101.SCH) — 4KB
- atmvr-20241218_def.xml (EX-101.DEF) — 30KB
- atmvr-20241218_lab.xml (EX-101.LAB) — 37KB
- atmvr-20241218_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 7KB
03
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . The disclosure related to the non-interest bearing, unsecured promissory note, the form of which is included in the Trust Agreement Amendment contained in Item 1.01 is incorporated by reference to this Item 2.03. Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As approved by the Company's shareholders at the Meeting on December 18, 2024, by special resolution, the Company amended the Company's Second Amended and Restated Memorandum and Articles of Association (the " Existing Charter ") on December 18, 2024, by adopting the Amendment to the Existing Charter in the form set forth in Annex A to the definitive proxy statement, as supplemented, filed with the Securities and Exchange Commission on December 3, 2024 (the " Articles Amendment "), reflecting (i) the extension of the date by which the Company must consummate a business combination from the Termination Date up to nine (9) extensions comprised of one month each (each an " Extension ") up to September 22, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its initial public offering for a total of nine (9) months after the Termination Date (assuming a business combination has not occurred) and (ii) the deletion of the limitation that the Company shall not redeem public shares to the extent that such redemption would cause the Company's net tangible assets to be less than $5,000,001. The foregoing description of the Articles Amendment is a summary only and is qualified in its entirety by reference to the full text of the Second Amended and Restated Memorandum and Articles of Association, as amended by the Articles Amendment, which is attached hereto as Exhibit 3.1 and incorporated by reference herein. Item 5.07. Submission of Matters to a Vote of Security Holders. On December 18, 2024, the Company held the Mee