AlphaVest Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATMVU” Tuesday, December 20, 2022.
The new SPAC intends to focus its search on businesses in Asia, and is not limited to a particular industry or geographic region. AlphaVest is led by Chairman Pengfei Zheng, CEO Yong (David) Yan, and CFO Song (Steve) Jing.
Total SPAC deal count for 2022 year-to-date is now 84. This offering is expected to close on Thursday, December 22.
EarlyBirdCapital, Inc. is acting as sole bookrunning manager of the offering and Revere Securities is acting as co-manager of the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. UHY, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.


At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...