AlphaVest Acquisition Corp to merge with AMC Corporation at $175M valuation

AMC Robotics Corp

Entered into merger agreement on Aug 16, 2024; deal values AMC at $175M in ATMV stock.
Transaction via ATMV's subsidiary AV Merger Sub merging with AMC; AMC survives as subsidiary.
Closing expected Q4 2024, subject to ATMV and AMC stockholder approvals and regulatory conditions.
Combined company to operate as AMC Corporation, remain NASDAQ-listed under new ticker; AMC management to lead.
ATMV terminated prior merger agreement with Wanshun Technology on March 13, 2024.

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