AlphaVest Acquisition filed with the SEC to offer 6 million units at $10 each. A unit consists of one ordinary share and one right to receive one-tenth of a share at the closing of a merger.
AlphaVest is broadly focused on companies in Asia, excluding companies with China operations consolidated through a VIE structure.
Chairman Pengfei Zheng has been chairman of Peace Capital Limited, a company principally engaged in private equity investment and asset management, since November 2021. Zheng is founder and president of Shenzhen Guoxing Capital, a company that specializes in investments and management, since June 2015.
CEO Yong (David) Yan has been a partner at the Shanghai-based V-Stone Capital since January 2014, where he oversees fund raising and private equity investments in FinTech, BlockChain, Big Data, Healthcare and other areas.
Management in the filing said the SPAC has applied to list its units on the Nasdaq under ticker symbol ATMVU.
Earlybirdcapital is book-running manager with Revere Securities serving as co-manager of the offering. Read more.
