AlphaVest Acquisition Corp is a blank check company incorporated on January 14, 2022, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). We may pursue an acquisition or a business combination with a target in any business or industry that can benefit from the expertise and capabilities of our management team. Our efforts in identifying prospective target businesses will not be limited to a particular geographic region, although we intend to primarily focus on businesses in Asia. We have generated no revenues to date and we do not expect that we will generate operating revenues at the earliest until we consummate our Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.
Company profile
Ticker
ATMV, ATMVU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
ATMV stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
16 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Entry into a Material Definitive Agreement
22 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
15 Mar 24
8-K
Entry into a Material Definitive Agreement
28 Dec 23
8-K
Alphavest Acquisition Corp Announces Adjournment of Extraordinary General Meeting of Shareholders
20 Dec 23
8-K
Other Events
11 Dec 23
DEF 14A
Definitive proxy
7 Dec 23
PRE 14A
Preliminary proxy
22 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
Latest ownership filings
SC 13G
AlphaVest Holding LP
14 Feb 24
SC 13G
First Trust Capital Management L.P.
14 Feb 24
SC 13G/A
Wealthspring Capital LLC
8 Feb 24
SC 13G
Wealthspring Capital LLC
30 Dec 22
3
Initial statement of insider ownership
21 Dec 22
3
Pengfei Zheng
21 Dec 22
3
Li (Helen) Wei
21 Dec 22
3
Shu Wang
21 Dec 22
3
Steve Jing
21 Dec 22
3
David Yan
21 Dec 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 57.84 k | 57.84 k | 57.84 k | 57.84 k | 57.84 k | |
Cash burn (monthly) | 54.32 k | 50.10 k | 66.27 k | 47.02 k | 26.51 k | |
Cash used (since last report) | 371.13 k | 342.30 k | 452.81 k | 321.27 k | 181.11 k | |
Cash remaining | -313.28 k | -284.45 k | -394.96 k | -263.42 k | -123.26 k | |
Runway (months of cash) | -5.8 | -5.7 | -6.0 | -5.6 | -4.7 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 9 |
Closed positions | 2 |
Increased positions | 6 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 55.89 bn |
Total shares | 10.33 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Periscope Capital | 1.38 mm | $4.76 bn |
CNH Partners | 689.17 k | $3.70 bn |
Linden Advisors | 600.00 k | $3.22 bn |
Kim | 600.00 k | $4.26 bn |
Schechter Investment Advisors | 591.78 k | $2.17 bn |
Vivaldi Asset Management | 556.84 k | $5.89 bn |
Rivernorth Capital Management | 500.00 k | $2.68 bn |
Shaolin Capital Management | 500.00 k | $2.68 mm |
Spartan Fund Management | 491.45 k | $1.03 bn |
Polar Asset Management Partners | 400.00 k | $2.15 bn |