Mon, Apr 14, 8:17 PM (13 days ago)
### Summary of AlphaVest Acquisition Corp (Ticker: ATMV) **Financial Performance:** - **Revenue:** No revenue generated to date. - **Net Income:** Net income of $1,710,959 for the year ended December 31, 2024, primarily from interest earned on marketable securities held in the Trust Account. - **Operating Expenses:** $870,821 in formation and operating costs for the year ended December 31, 2024. **Earnings Per Share:** Not applicable as no revenue has been generated. **Strategic Overview:** - **Business Model:** AlphaVest Acquisition Corp is a blank check company incorporated to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. - **Target Focus:** Primarily focuses on businesses in Asia but is not limited to any specific industry or geographic region. - **Management Team:** Experienced in mergers and acquisitions, with a background in financial services, accounting, and legal fields. **Future Outlook:** - **Initial Business Combination:** Seeking to complete an initial business combination within 24 months from the closing of the Initial Public Offering, with the possibility of extending up to 33 months. - **Funding:** Utilizing proceeds from the Initial Public Offering and the sale of Private Placement Units, with potential additional financing if necessary. **Risk Factors:** - **Market Competition:** Intense competition from other entities, including private investors and other blank check companies. - **Regulatory Risks:** Potential regulatory challenges, especially in China, including cybersecurity and data protection laws. - **Financial Risks:** Dependence on the success of the initial business combination and the ability to secure additional financing if needed. **Financial Condition:** - **Trust Account:** $18,000,701 in marketable securities held in the Trust Account as of December 31, 2024. - **Cash Reserves:** $4,215 in cash as of December 31, 2024. **Market Position Changes:** - **Stock Trading:** Units, Ordinary Shares, and Rights are traded on the Nasdaq Global Market under the symbols “ATMVU,” “ATMV,” and “ATMVR” respectively. - **Shareholder Base:** As of April 14, 2025, 3,854,856 Ordinary Shares outstanding. **Amendments:** - **Changes:** No significant amendments noted in the provided text.