Tue, May 20, 10:03 AM (55 days ago)
**AlphaVest Acquisition Corp (ATMVU, ATMV, ATMVR) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No operating revenue generated; income from interest on trust account investments. - **Profit Margins:** Q1 2025 net income of $8,697, down from $349,241 in Q1 2024 due to lower interest income and higher operating costs. - **Cash Flow:** Positive cash flow from operating activities of $14,769, primarily from interest income and changes in operating assets and liabilities. - **Earnings Changes:** Basic and diluted net income per share for redeemable shares was $0.13 in Q1 2025, compared to $0.09 in Q1 2024. **Key Financial Metrics:** - **Cash Position:** $4,216 as of March 31, 2025, with a working capital deficit of $2,089,118. - **Trust Account:** $18,407,880 in marketable securities, generating interest income. - **Liabilities:** Total current liabilities of $2,159,859, including accounts payable, accrued offering costs, and promissory notes. **Trends and Uncertainties:** - **Going Concern:** Significant doubt about the ability to continue as a going concern within one year due to working capital deficit and reliance on completing a business combination. - **Business Combination:** Extensions granted to complete a business combination, with the latest deadline on September 22, 2025. - **Redemptions:** Shareholders redeemed 3,151,473 shares in 2024, removing approximately $35,956,676 from the trust account. **Future Operations Impact:** - **Costs:** Continued significant professional and transaction costs associated with remaining a public company and pursuing a business combination. - **Financing:** Potential need for additional capital to meet working capital needs and complete a business combination. - **Liquidity:** Dependence on completing a business combination to generate operating revenues and ensure liquidity. **Conclusion:** AlphaVest Acquisition Corp faces substantial challenges in completing a business combination within the extended deadline. The company's financial health is precarious, with a working capital deficit and reliance on interest income from trust account investments. The ability to continue as a going concern is uncertain, and the company may need additional financing to meet its obligations and complete a business combination.