AlphaVest (ATMV) deposits $110K; ~$16.9M redemptions at $12.09
AlphaVest Acquisition Corp (ATMV) reported trust account activity related to its pending business combination.
Rhea-AI Filing Summary
AlphaVest Acquisition Corp (ATMV) reported trust account activity related to its pending business combination. The company deposited $55,000 on October 22, 2025 and another $55,000 on October 23, 2025 into its trust account. After these deposits, the redemption value is approximately $12.09 per ordinary share.
A total of 1,399,308 ordinary shares were submitted for redemption in connection with shareholder meetings held on September 5, 2025 and September 19, 2025, after accounting for redemption reversal requests. Approximately $16,917,633.70 (about $12.09 per share) will be withdrawn from the trust to pay these shareholders, subject to any additional redemption reversal requests received and approved prior to the closing of the business combination.
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Insights
Trust topped up; redemptions to draw ~$16.9M at $12.09/share.
AlphaVest added two deposits of $55,000 each on October 22–23, 2025, bringing the trust’s per-share redemption value to about $12.09. These top-ups are typical for SPAC extensions to maintain the liquidation value per share.
Redemption elections cover 1,399,308 shares tied to meetings on September 5 and September 19, 2025. The filing states about $16,917,633.70 will be removed from the trust to pay redeeming holders, with amounts still subject to any approved reversal requests before the business combination closes.
Key variables are the final number of reversal requests and the transaction closing. Actual trust outflows will match the finalized redemption count and the stated $12.09 per-share value.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.