AlphaVest Acquisition Corp. Shareholder Meeting on Dec 18

TL;DR

AlphaVest Acquisition Corp. meeting Dec 18 - shareholders vote on key proposals.

AI Summary

AlphaVest Acquisition Corp. is holding a shareholder meeting on December 18, 2024, to vote on important corporate matters. The company, located at 420 Lexington Ave, Suite 2446, New York, NY 10170, is a retail home furniture and furnishings store. Shareholders are being asked to approve proposals related to the company's operations and governance.

Why It Matters

Shareholder meetings are crucial for corporate governance, allowing investors to influence company direction and management decisions.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement for a shareholder meeting and does not indicate immediate financial distress or significant operational changes.

Key Numbers

• 001-41574 — SEC File Number (Identifies the company's registration with the SEC.)

Key Players & Entities

• AlphaVest Acquisition Corp. (company) — Registrant
• 420 Lexington Ave, Suite 2446, New York, NY 10170 (location) — Business and Mailing Address
• December 18, 2024 (date) — Shareholder Meeting Date
• December 4, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $5,000,001 — o;s net tangible assets to be less than $5,000,001 (the “ Redemption Limitation Amen
• $55,000 — unt (the “ Trust Account ”) $55,000 per one-month extension two (2) days pr
• $0.0001 — outstanding ordinary shares, par value $0.0001 per share (the “ Ordinary Shares
• $100,000 — us to pay our taxes if any (less up to $100,000 of interests to pay dissolution expense
• $11.34 — rice per Public Share was approximately $11.34 (which is expected to be the same appro
• $53,593,452 — t in the Trust Account of approximately $53,593,452 as of the Record Date (including intere
• $11.31 — Nasdaq ”) on the Record Date was $11.31. Accordingly, if the market price of th
• $0.03 m — f Public Shares receiving approximately $0.03 more per share than if the Public Shares

Filing Documents

• formdef14a.htm (DEF 14A) — 689KB
• formdef14a_001.jpg (GRAPHIC) — 3KB
• 0001493152-24-048547.txt ( ) — 694KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A PROXY OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 ALPHAVEST ACQUISITION CORP (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 LETTER TO SHAREHOLDERS OF ALPHAVEST ACQUISITION CORP 205 W. 37th Street New York, NY 10018 TO BE HELD ON DECEMBER 18, 2024 Dear AlphaVest Acquisition Corp Shareholder: You are cordially invited to attend an extraordinary general meeting of AlphaVest Acquisition Corp, a Cayman Islands exempted company (the “ Company ,” “ AlphaVest ,” “ we ,” “ us ” or “ our ”), which will be held on December 18, 2024, at 9:30 a.m. Eastern Standard Time (the “ Extraordinary General Meeting ”). The Extraordinary General Meeting will be held in person at the offices of Winston & Strawn LLP located at 800 Capitol St., Suite 2400, Houston, Texas 77002, and virtually via live webcast at www.virtualshareholdermeeting.com/ATMV2024SM. The attached Notice of the Extraordinary General Meeting and accompanying Proxy Statement (the “ Proxy Statement ”) describe the business AlphaVest will conduct at the Extraordinary General Meeting and provide information about AlphaVest that you should consider when you vote your shares. As set forth in the attached Proxy Statement, the Extraordinary General Meeting will be held for the purpose of considering and voting on the following proposals: Proposal No. 1—Articles Amendment Proposal— A proposal, by special resolution, to amend AlphaVest’s Second Amended and Restated Memorandum and Articles of Association, as adopted by special resolution passed on December 21, 2023 (the “ Existing Charter ”) by adopting an amendment to the Existing Charter in the form set forth in Annex A to the Proxy Statement which reflects: (i) the extension of the date by which the Company must consummate a business combination (the “ Combination Period ”) up to nine (9) times from December 22, 2024 (the “ Termination Date ”) to September 22, 2025, each by an additional one (1) month (each, an “ Extension ”) for a total of up to nine (9) months after the Termination Date (i.e., a total of up to thirty-three (33) months after the consummation of its initial public offering (the “ IPO ”)), assuming a Business Combination (as defined below) has not occurred. The end date of each Extension shall be referred to herein as the “ Extended Date ” (the “ Extension Amendment ”); and (ii) the deletion of the limitation (the “ Redemption 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 “ Redemption Limitation Amendment ”). The Redemption Limitation Amendment would allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation. We refer to this proposal as the “ Articles Amendment Proposal ”; Proposal No. 2 - Trust Agreement Amendment Proposal — A proposal, by at least sixty-five percent (65%) of the then outstanding Ordinary Shares, to further amend AlphaVest’s investment management trust agreement, dated as of December 19, 2022, (as amended, the “ Trust Agreement ”), by and between the Company and Continental Stock Transfer & Trust Company (the “ Trustee ”), to allow the Company to extend the Termination Date up to nine (9) times for an additional one (1) month each time from the Termination Date or Extended Date, as applicable, to September 22, 2025 (the “ Trust Agreement Amendment ”) by providing five days’ advance notice to the Trustee prior to the applicable Termination Date or Extended Date and depositing into the trust account (the “ Trust Account ”) $55,000 per one-month extension two (2) days prior to such Extension (the “ Extension Payment ”) until September 22, 2025 (assuming a Business Combination has not occurred) in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation of a Business Combination (the “ Trust Agreement Amendment Proposal &r

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