AlphaVest Acquisition Corp (NASDAQ: ATMV) has announced the signing of a Business Combination Agreement with AMC Corporation, aimed at merging the two entities. This business combination will see AMC stockholders receive shares of ATMV valued at $175 million. The merger has been approved by the boards of both companies and is expected to be finalized in the fourth quarter of 2024, pending regulatory and stockholder approval. AMC, a leader in computer vision AI and smart security solutions, will continue to be led by its current executive team and remain listed on NASDAQ under a new ticker symbol. Advisors in the transaction include Winston & Strawn LLP for ATMV, Graubard Miller for AMC, Revere Securities for AMC, and Small Seashell Limited for ATMV. The transaction is contingent on numerous closing conditions and approvals. As disclosed earlier, ATMV terminated its prior agreement with Wanshun Technology Industrial Group Limited.
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