AlphaVest Acquisition Corp. (AMCI) CEO details large share and warrant acquisitions
Rhea-AI Filing Summary
AlphaVest Acquisition Corp. insider activity centers on its business combination and a related private placement. Shengwei Da (Sean), the company’s CEO, director and a 10% owner, reported acquiring large blocks of AlphaVest common stock on 12/09/2025.
He acquired 16,000,000 shares and 500,000 shares of common stock in exchange for securities of AMC Corporation in connection with the business combination between AMC Corporation and AlphaVest. On the effective date of the business combination, AlphaVest’s common stock closed at $10.30 per share. These holdings are reported as indirect, including shares held by trusts and by Kami Vision Incorporated, where he serves as Executive Chairman and 80% owner.
Da also purchased 550,000 shares in a private placement at $10 per share, simultaneously with the closing of the business combination, and received warrants to buy 1,540,000 shares of common stock at an exercise price of $10 per share, exercisable from 12/09/2025 until 12/09/2030. Following these transactions, he beneficially owned 17,050,000 shares of common stock indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrant | 1,540,000 | $0.00 | -- |
| Grant/Award | Common Stock | 16,000,000 | $0.00 | -- |
| Grant/Award | Common Stock | 500,000 | $0.00 | -- |
| Grant/Award | Common Stock | 550,000 | $0.00 | -- |
Footnotes (1)
- Received in exchange for securities of AMC Corporation in connection with the business combination involving AMC Corporation and AlphaVest Acquisition Corp (the "Business Combination"). On the effective date of the Business Combination, the closing price of the Issuer's common stock was $10.30 per share. Held by trusts controlled by Mr. Da. Held by Kami Vision Incorporated of which Mr. Da is Executive Chairman and 80% owner. Purchased in private placement consummated simultaneously with the closing of the Business Combination at a purchase price of $10 per share. In the private placement, the reporting person also received a warrant to acquire 2.8 shares for each share so purchased. .
FAQ
What insider transactions did AlphaVest Acquisition Corp. (AMCI) report?
The filing reports that Shengwei Da (Sean), AlphaVest’s CEO, director and 10% owner, acquired multiple blocks of AlphaVest common stock and warrants on 12/09/2025. These include shares received in a business combination with AMC Corporation, additional shares bought in a private placement, and warrants to purchase more shares.
What was the private placement price and size reported for AlphaVest (AMCI)?
In a private placement consummated simultaneously with the closing of the business combination, the reporting person purchased 550,000 AlphaVest common shares at a purchase price of $10 per share, as disclosed in the explanation of responses.
What was AlphaVest (AMCI) stock price at the time of the business combination?
The explanation notes that on the effective date of the business combination between AMC Corporation and AlphaVest Acquisition Corp., the closing price of AlphaVest’s common stock was $10.30 per share.