AlphaVest Acquisition Corp enters definitive merger with AMC Corporation at $175M enterprise value

AMC Robotics Corp

SPAC AlphaVest Acquisition Corp (NASDAQ: ATMVU) signs BCA to acquire AMC Corporation, a smart home and AR wearable products company.
Aggregate enterprise value of $175M; Company shareholders will receive SPAC shares at exchange ratio per BCA.
SPAC will domesticate from Cayman to Delaware; Merger Sub merges with AMC, which survives as SPAC subsidiary.
Closing expected after shareholder approvals and regulatory conditions; termination deadline Dec 22, 2024, extendable to June 30, 2025.
Sponsor and certain stockholders enter support agreements to vote in favor; lock-up and registration rights agreements to be executed.

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