AlphaVest Acquisition Corp
New York, NY, December 19, 2022 (GLOBE NEWSWIRE) — AlphaVest Acquisition Corp (the “Company”) today announced pricing for its IPO of 6,000,000 units at $10.00 per unit. The units will begin listing on the Nasdaq Stock Market LLC (“Nasdaq”) tomorrow, December 20, 2022 and will trade under the ticker symbol “ATMVU”. Each unit consists of one common share and one right entitling the holder to subscribe for one-tenth of a common share upon the consummation of an initial business combination. After the securities comprising the entities begin trading separately, the common shares and warrants are expected to list on the Nasdaq under the symbols “ATMV” and “ATMVR,” respectively. The offering is expected to close on December 22, 2022, subject to customary closing conditions.
The Company is a blank check corporation whose business is to effect a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination of one or more companies. While the Company will not be limited to any particular industry or geographic region in identifying and acquiring a target company, the Company intends to focus its search on companies throughout Asia.
EarlyBirdCapital, Inc. is acting as sole bookrunning manager of the offering and Revere Securities is acting as co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the IPO price to cover any over-allotment.
A registration statement relating to these securities was filed effective by the US Securities and Exchange Commission (the “SEC”) on December 19, 2022. This press release does not constitute and will not constitute an offer to sell or the solicitation of an offer to buy. There will be no sale of these securities in any state or jurisdiction where such offer, solicitation or sale is pending registration or qualification under the securities laws of such state or jurisdiction would be unlawful.
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The offer is made only by means of a prospectus. Copies of the prospectus relating to the offering, if available, may be obtained from EarlyBirdCapital, Inc., Attention: Syndicate Department, 366 Madison Avenue, 8th Floor, New York, New York 10017 or by calling 212-661-0200.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and the search for an initial business combination. There can be no assurance that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the “Risk Factors” section of the Company’s IPO registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor contact:
Taylor Zhang
Email: [email protected]
203-998-5540
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