AlphaVest Acquisition Corp is a Cayman Islands-based blank check company focused on identifying and completing mergers, with a primary emphasis on Asian targets, especially China.

# Company Overview: AlphaVest Acquisition Corp.

## Business Model
- AlphaVest Acquisition Corp is a blank check company incorporated on January 14, 2022, in the Cayman Islands.
- The primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more target companies.
- The company may pursue targets in any industry and geographic region but intends to primarily focus on businesses in Asia.
- As of December 31, 2024, the company has not yet commenced any business operations.

## Financial Information
- Generated no revenues to date.
- Will not generate operating revenues until after completing a business combination.
- The only income for the year ending December 31, 2024, was interest income from funds held in trust.
- As of April 14, 2025:
  - Outstanding shares: 3,854,856 ordinary shares, par value $0.0001.
  - The company's market value of shares held by non-affiliates: approximately $58,622,752.
  - Funds in trust: approximately $50,608,334.49 remaining after redemptions.

## Capital Structure & Funding
- Initial public offering (IPO): December 22, 2022.
- Raised gross proceeds of:
  - $60 million from 6,000,000 units at $10.00 each.
  - Additional $9 million from over-allotment exercised on December 29, 2022, for 900,000 units.
  - Private placements: total of 365,000 units to Sponsor ($3.9 million) and 25,000 units to EarlyBirdCapital, Inc. (EBC) ($250,000), plus additional Private Placement Units sold upon over-allotment exercise.
- Funds held in trust: approximately $70.38 million initially deposited in a trust account, with restrictions on access until a business combination is completed or certain redemption/redemption triggers occur.

## Management & Employees
- Management team consists of experienced professionals in finance, accounting, legal, and operating sectors.
- Currently, the company has only two officers.
- There are no full-time employees prior to the initial business completion.
- Management devotes time as necessary to manage the search and evaluation process.

## Operational Status
- The company has not conducted any operations yet.
- Its activities up to December 31, 2024, relate solely to formation, the IPO, and identifying target companies.
- It is a company in the early stage and emerging growth phase.

## Key Events & Plans
- On August 11, 2023, entered into a business combination agreement with AV Merger Sub and Wanshun Technology Industrial Group Limited.
- The plan is to effect a merger via the merger of Merger Sub into Wanshun, with Wanshun surviving as a wholly owned subsidiary.
- The company has extended the deadline for completing a business combination up to December 22, 2025, with provisions for multiple extensions and trust account deposits.
- As of December 18, 2024, the company adopted amendments to extend the business combination deadline to September 22, 2025.

## Current Activities
- The company's activity remains solely in identifying and evaluating potential acquisition targets.
- No revenues, profits, or operating activities have been reported for 2024.
- The focus is on completing a business combination with a private company, with an initial emphasis on Asian targets, especially China.

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*Note: All financial figures and company details are based solely on information provided as of December 31, 2024, with current share counts and market value as of April 14, 2025.*

AlphaVest Acquisition Corp is a blank check company focused on acquiring private companies in Asia seeking access to U.S. public capital markets.

# AlphaVest Acquisition Corp: Company Overview

## General Description
AlphaVest Acquisition Corp is a blank check company, incorporated on January 14, 2022, in the Cayman Islands. The primary purpose of the company is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company's strategy focuses on targeting businesses, particularly in Asia, that can benefit from the expertise and capabilities of its management team.

## Business Operations
- **Business Model**: AlphaVest Acquisition Corp has not yet commenced operations and has not generated any revenues. The company aims to identify and acquire private companies in Asia seeking access to U.S. public capital markets.
- **Initial Public Offering (IPO)**: The company conducted an Initial Public Offering (IPO) on December 22, 2022, issuing 6,000,000 units at $10.00 per unit, resulting in gross proceeds of $60 million. The IPO was followed by an over-allotment exercise, adding an additional $9 million.
- **Private Placement**: Simultaneously with the IPO, the company raised an additional $3.9 million through the sale of private placement units to its sponsor and EarlyBirdCapital, Inc.

## Financial Position
- **Total Gross Proceeds from IPO**: Approximately $70.38 million from the IPO and private placements.
- **Current Cash Available for Operations**: The company currently holds approximately $50.6 million in a trust account after shareholder redemptions.
- **Working Capital**: The company reported a working capital deficiency of $324,822 as of December 31, 2023.

## Customer and Employee Information
- **Number of Customers**: As of now, the company does not have customers since it has not yet commenced operations or completed its business combination.
- **Employees**: The company currently has two officers and does not intend to hire any full-time employees before completing its initial business combination.

## Revenue and Income
- **Current Revenue**: The company generated no revenue to date as of December 31, 2023, and does not expect to generate operating revenue until the consummation of a business combination. 
- **Interest Income**: The company generates non-operating income in the form of interest income from trust account proceeds, approximately $550,000 allocated for working capital post-IPO.

## Summary
AlphaVest Acquisition Corp is positioned as an early-stage acquisition vehicle, actively looking to identify potential target businesses in Asia with growth potential and access to the U.S. capital markets. Currently, it has no operations or customers and is focused on successfully completing its initial business combination to drive future growth and revenue generation. Addressing its current financial position and leveraging the expertise of its management team are critical to its future success.

AlphaVest Acquisition Corp.

10-K / April 14, 2025

10-K / April 16, 2024

10-K / April 14, 2025

Company Overview: AlphaVest Acquisition Corp.

Business Model

Financial Information

Capital Structure & Funding

Management & Employees

Operational Status

Key Events & Plans

Current Activities