AlphaVest extends business combination deadline to Sep 2025; $35.96M redeemed, trust at $17.96M

AMC Robotics Corp

Shareholders approved extending business combination deadline from Dec 22, 2024 up to nine one-month extensions to Sep 22, 2025.
3,151,473 shares redeemed for $35.96M ($11.41/sh); trust now ~$17.96M; shares outstanding 3,854,856.
For each monthly extension, company deposits $55,000 into trust via non-interest bearing promissory note payable upon combination.
Charter amended to allow up to 9 monthly extensions; $5M net tangible asset redemption limit removed.

item 1.01 item 2.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AMC Robotics Corp: Amended Second Amended and Restated Memorandum and Articles of Association to extend business combination deadline and remove net tangible asset redemption limitation (effective 2024-12-18).

Change: charter amendment
Effective: 2024-12-18

Exact text from the filing

As approved by the Company’s shareholders at the Meeting on December 18, 2024, by special resolution, the Company amended the Company’s Second Amended and Restated Memorandum and Articles of Association (the “ Existing Charter ”) on December 18, 2024, by adopting the Amendment to the Existing Charter in the form set forth in Annex A to the definitive proxy statement, as supplemented, filed with the Securities and Exchange Commission on December 3, 2024 (the “ Articles Amendment ”), reflecting (i) the extension of the date by which the Company must consummate a business combination from the Termination Date up to nine (9) extensions comprised of one month each (each an “ Extension ”) up to September 22, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its initial public offering for a total of nine (9) months after the Termination Date (assuming a business combination has not occurred) and (ii) the deletion of the limitation that the Company shall not re

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Source: SEC EDGAR

accession 0001493152-24-050823

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