AlphaVest Acquisition Corp Announces Closing of Full Over-allotment Option

Dec 29, 2022

New York, NY, Dec. 29, 2022 (GLOBE NEWSWIRE) -- AlphaVest Acquisition Corp (the “Company”) today announced that the underwriters of its previously announced initial public offering exercised the full over-allotment option on December 28, 2022 to purchase an additional 900,000 units at a public offering price of $10.00 per unit. After giving effect to the exercise of the over-allotment option, a total of 6,900,000 units have been issued raising an aggregate of $69,000,000. The units, including those issued in connection with the over-allotment option, are listed on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “ATMVU”. Each unit consists of one ordinary share and one right, with each right entitling the holder thereof to receive one-tenth of one ordinary share upon consummation of an initial business combination. After the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “ATMV” and “ATMVR,” respectively.

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