AlphaVest Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights Commencing January 25, 2023
January 23 2023 - 7:30AM
AlphaVest Acquisition Corp (the “Company”) announced that,
commencing January 25, 2023, holders of the 6,900,000 units sold in
the Company’s initial public offering, including the 900,000 units
sold pursuant to the full exercise of the underwriters’
over-allotment option, may elect to separately trade the ordinary
shares and rights included in the units. Any units not separated
will continue to trade on The Nasdaq Global Market (the “Nasdaq”)
under the symbol “ATMVU,” and the separated ordinary shares and
rights are expected to trade on the Nasdaq under the symbols “ATMV”
and “ATMVR,” respectively. Unitholders will need to have their
brokers contact Continental Stock Transfer & Trust Company, the
Company’s transfer agent, in order to separate the units into
ordinary shares and rights.
The units were initially offered by the Company
in an underwritten offering. EarlyBirdCapital, Inc. acted as sole
bookrunning manager of the offering and Revere Securities acted as
co-manager of the offering. A registration statement relating to
the units and the underlying securities was declared effective by
the Securities and Exchange Commission (the “SEC”) on December 19,
2022.
The offering was made only by means of a
prospectus. Copies of the prospectus relating to the offering may
be obtained from EarlyBirdCapital, Inc., Attention: Syndicate
Department, 366 Madison Avenue, 8th Floor, New York, New York
10017, or by telephone at 212-661-0200.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About AlphaVest
Acquisition Corp
The Company is a blank check company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. While the Company
will not be limited to a particular industry or geographic region
in its identification and acquisition of a target company, the
Company intends to focus its search on businesses throughout
Asia.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the anticipated separation of the units into ordinary shares and
rights. No assurance can be given that the units will be separated
as indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and final prospectus relating to
the Company’s initial public offering filed with the SEC. Copies
are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor Contact:
Taylor ZhangEmail: taylorzhang@irimpact.com203-998-5540
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