AlphaVest Acquisition Corp closes IPO, $71M placed in trust for business combination

AMC Robotics Corp

Closed IPO of 6,000,000 units at $10.00/unit and over-allotment of 900,000 units, grossing $69M.
Private placements to AlphaVest Holding LP and EarlyBirdCapital raised $4,305,000.
Net proceeds of $71,030,000 deposited in trust account at J.P. Morgan Chase Bank.
Auditor's report includes substantial doubt about going concern if business combination not completed within 12 months.
Balance sheet as of Dec 22 shows $61.2M in trust, $659k cash, and $594k shareholders' equity.

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