AlphaVest Acquisition Corp and AMC Corporation Announce Closing of Business Combination

• Combined company renamed to AMC Robotics Corporation and is expected to trade on Nasdaq under ‘AMCI' on or about December 10, 2025
• Transaction positions Company to accelerate commercialization of new AI-powered patrol and incident response robot
• Raises over $10 million in Private Financing from Investors and from Cash Released from Trust
  
  
  
  

NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- AlphaVest Acquisition Corp (NASDAQ:ATMV) (the "Company" or "AlphaVest"), a special purpose acquisition company, and AMC Corporation ("AMC"), a security and safety technology solutions company, today announced the completion of their previously announced business combination ("the Business Combination").

Sean (Shengwei) Da, Chairman of the Board and Chief Executive Officer of AMC, said, "Today marks an important milestone for AMC as we prepare to enter the public markets and begin trading on Nasdaq. Since 2014, we've built an established portfolio of smart security solutions and have remained focused on our mission to create safer, smarter, and more efficient solutions for businesses and homes. As we enter this next chapter, we are excited to advance our innovations and deliver leading products that can bring a new level of automation to our enterprise customers. With the launch of our AI-powered robotic technology, we have an opportunity to capture share in the warehousing market and drive long-term growth. We are truly grateful for our employees, partners, and investors whose support has made this achievement possible."

The combined company has been renamed AMC Robotics Corporation and the combined company's common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "AMCI" on or about Wednesday, December 10, 2025.

The Company also announced the contemporaneous closing of the previously announced $8 million private financing at $10.00 per share. The proceeds of the private financing together with the cash released to the combined company from AlphaVest's trust is expected to provide more than $10,200,000 before transaction related closing expenses.

Advisors

EarlyBirdCapital, Inc. and Small Seashell Limited served as financial advisors to ATMV. Revere Securities served as financial advisor to AMC. Graubard Miller served as legal advisor to AMC. Winston & Strawn LLP served as legal advisor to ATMV.

AMC Corporation

AMC is an innovative technology solutions company that designs, develops, and distributes smart enterprise and consumer safety and security products. AMC's portfolio of YI security cameras is powered by AI, deep learning and edge computing patents, which support its leading video imaging and vision technology capabilities. Leveraging its existing software capabilities, AMC has designed and developed an AI-powered quadruped robot, which is expected to serve as an all-in-one patrol and incident response warehouse solution. For more information, please visit www.amcx.ai.

INVESTORS AND MEDIA CONTACT

Craig Mychajluk

Managing Director

Investor Relations

Alliance Advisors IR

E: [email protected]

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements that constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning ATMV's and AMC's possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, and the effects of regulation, including whether the Business Combination will generate returns for stockholders. These forward-looking statements are based on ATMV's or AMC's management's current expectations, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of ATMV's or AMC's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions, and other important factors include, but are not limited to: (a) the outcome of any legal proceedings that may be instituted against ATMV, AMC, or others following the Business Combination and any definitive agreements with respect thereto; (b) the ability to meeting the applicable stock exchange listing standards following the consummation of the Business Combination; (c) the effect of the transaction on AMC's business relationships, performance, and business generally and the risk that the Business Combination disrupts current plans and operations of AMC or its subsidiaries as a result of the consummation of the transactions described herein; (d) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of AMC to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (e) costs related to the Business Combination; (f) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations); (g) the possibility that AMC may be adversely affected by other economic, business, and/or competitive factors; (h) AMC's estimates of expenses and profitability; (i) other risks and uncertainties indicated under "Risk Factors" contained in the definitive proxy statement/prospectus for the Business Combination, and other documents filed or to be filed with the SEC by AMC. Copies are available on the SEC's website, www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

ATMV and AMC assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither ATMV nor AMC gives any assurance that either ATMV or AMC will achieve its expectations.

No Offer or Solicitation

This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange any securities, or a solicitation of any vote or approval, nor shall there be any sale or exchange of securities in any jurisdiction in which such offer, solicitation, sale, or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.