AlphaVest shareholders approve merger with AMC Corp; combined entity to become AMC Robotics

* AlphaVest Acquisition Corp (NASDAQ:ATMV [https://seekingalpha.com/symbol/ATMV]) shareholders have approved the business combination with AMC Corporation, a security and safety tech firm.
* Parties also entered into binding agreements for an $8M private placement of common stock and warrants exercisable at $10/share.
* The combined company will be named AMC Robotics Corporation and is expected to list on Nasdaq under the ticker "AMCI".
* AMC’s growth strategy includes launching an AI-powered warehouse patrol and incident response robot, targeting a commercial release by early 2026.
* Final closing of the merger is expected in the coming weeks.
* ATMV shares down over 9% post-market on Tuesday.
* Source: Press release [https://seekingalpha.com/pr/20227072-alphavest-acquisition-corp-and-amc-corporation-announce-shareholder-approval-of-business]

MORE ON ALPHAVEST ACQUISITION CORP

* Financial information for AlphaVest Acquisition Corp [https://seekingalpha.com/symbol/ATMV/income-statement]