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AlphaVest Acquisition Corp reported that shareholders approved changes to its charter and trust agreement to extend the deadline to complete a business combination. The company can now extend its original September 22, 2025 termination date up to four times, each by one month, to as late as January 22, 2026, by giving five days’ notice and depositing $55,000 into the trust account for each monthly extension in exchange for a non-interest-bearing promissory note.
Shareholders also approved an adjournment proposal, though it was not used because the main proposals passed. In connection with this meeting and a prior business combination meeting, holders of a total of 1,513,708 ordinary shares elected to redeem. After these redemptions, AlphaVest will have 2,341,148 ordinary shares outstanding, and approximately $18,200,461, or about $12.02 per share, will be withdrawn from the trust account to pay redeeming shareholders, subject to any approved reversal requests before the business combination closes.
AlphaVest Acquisition Corp. filed a current report describing an administrative update related to its shareholder meeting. On September 12, 2025, the company issued a press release announcing that it has filed supplemental proxy materials for its Extraordinary General Meeting scheduled for September 19, 2025. These supplemental materials are intended to clarify the procedures that shareholders must follow if they wish to redeem their ordinary shares in connection with the meeting.
The press release is included as Exhibit 99.1 to the report and is incorporated by reference, while the cover page Inline XBRL data is filed as Exhibit 104. The filing does not describe any change to the company’s financial results, but focuses on providing clearer instructions around the redemption process for holders of AlphaVest’s ordinary shares.