AlphaVest Acquisition Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
AMCI$1.05-4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| For the Year Ended December 31, 2023 · For the Period from January 14, 2022 (inception) through December 31, 2022 | |||
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income (loss) | $2,904,174 | (42,578) | |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
| Trust investment income | (3,580,311) | (38,228) | |
| Changes in operating assets and liabilities: | |||
| Prepaid expense | 80,578 | (115,152) | |
| Accounts payable and accrued offering costs and expenses | (34,916) | 161,121 | |
| Due to related party | - | 34,837 | |
| Net cash used in operating activities | (630,475) | - | |
| Cash flows from investing activities: | |||
| Cash withdrawn from trust account in connection with redemption | 23,282,936 | - | |
| Cash deposited to trust account | (165,000) | (70,380,000) | |
| Net cash provided by (used in) investing activities | 23,117,936 | (70,380,000) | |
| Cash flows from financing activities: | |||
| Proceeds from sale of ordinary shares to initial shareholders | - | 1,750 | |
| Proceeds from initial public offering | - | 58,500,000 | |
| Proceeds from private placement | - | 3,900,000 | |
| Proceeds from over-allotment and private placement, net of underwriters’ discount | - | 9,180,000 | |
| Payments of offering costs and other fees | - | (542,715) | |
| Redemption of ordinary shares | (23,282,936) | - | |
| Proceeds from promissory note - related party | 165,000 | - | |
| Net cash (used in) provided by financing activities | (23,117,936) | 71,039,035 | |
| Net change in cash | (630,475) | 659,035 | |
| Cash at beginning of period | 659,035 | - | |
| Cash at end of period | $28,560 | 659,035 | |
| Supplemental disclosure of noncash investing and financing activities | |||
| Accretion for ordinary shares subject to redemption amount | $3,580,311 | $38,228 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of ordinary shares | $ | - | $25,000 |
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