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)
DEF 14A
Definitive proxy
7 Dec 23
PRE 14A
Preliminary proxy
22 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
425
Business combination disclosure
17 Aug 23
8-K
Entry into a Material Definitive Agreement
17 Aug 23
425
Business combination disclosure
14 Aug 23
8-K
AlphaVest Acquisition Corp Announces Entering into a Merger Agreement with Wanshun Technology Industrial Group Limited
14 Aug 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
10-Q
2023 Q1
Quarterly report
22 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | |
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| Revenue | ||
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| 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) | 125.75 k | 115.98 k | 153.42 k | 108.85 k | 61.36 k | |
| Cash remaining | -67.91 k | -58.14 k | -95.58 k | -51.01 k | -3.52 k | |
| Runway (months of cash) | -1.3 | -1.2 | -1.4 | -1.1 | -0.1 | |
Institutional ownership, Q2 2023
99.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 26 |
| Opened positions | 6 |
| Closed positions | 2 |
| Increased positions | 14 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 51.66 bn |
| Total shares | 9.12 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Periscope Capital | 1.38 mm | $4.66 bn |
| Spartan Fund Management | 742.27 k | $3.59 bn |
| CNH Partners | 689.17 k | $3.61 bn |
| Schechter Investment Advisors | 613.11 k | $6.43 bn |
| Linden Advisors | 600.00 k | $3.15 bn |
| Hudson Bay Capital Management | 547.69 k | $2.88 bn |
| Exos TFP | 543.31 k | $3.10 bn |
| Rivernorth Capital Management | 500.00 k | $2.65 bn |
| Polar Asset Management Partners | 400.00 k | $2.12 bn |
| Centiva Capital | 400.00 k | $2.10 bn |