AlphaVest deposits $55,000 twice; redemption value $12.09/share
AlphaVest Acquisition Corp reported two deposits of $55,000 each into its Trust Account on October 22, 2025 and October 23, 2025.
Rhea-AI Filing Summary
AlphaVest Acquisition Corp reported two deposits of $55,000 each into its Trust Account on October 22, 2025 and October 23, 2025. Following these extension payments, the redemption value stands at approximately $12.09 per ordinary share.
The company also noted that 1,399,308 ordinary shares were submitted for redemption in connection with shareholder meetings held on September 5 and September 19, 2025, after reversal requests. In connection with these redemptions, approximately $16,917,633.70 (about $12.09 per share) will be removed from the Trust Account to pay those shareholders, subject to any additional redemption reversal requests received and approved before the closing of the business combination.
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Insights
Neutral update: extensions funded; redemptions quantified.
AlphaVest Acquisition Corp funded two Trust Account extension payments of $55,000 each on Oct 22, 2025 and Oct 23, 2025. The filing states the resulting per-share redemption value is approximately $12.09, which frames the cash held in trust on a per-share basis.
The company reports 1,399,308 shares submitted for redemption, with approximately $16,917,633.70 to be distributed to those holders at about $12.09 per share. The amount is qualified as subject to further redemption reversal requests prior to the business combination closing.
Actual cash movements depend on final redemption reversals and closing mechanics. Subsequent disclosures may specify any changes to redemptions or trust balance as the transaction progresses.
8-K Event Classification
FAQ
What deposits did ATMV make into its Trust Account?
How much cash will be removed from the Trust Account for redemptions?
Are the redemption amounts final for AlphaVest (ATMV)?
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