AlphaVest Acquisition Corp
For the period ended Jun 30, 2024. Filed Aug 19, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 19, 2024
AMCI$0.99-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Statements of Cash Flows
ALPHAVEST ACQUISITION CORP
UNAUDITED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, 2024 · Six Months Ended June 30, 2023 | |||
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $731,987 | 1,349,454 | |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Trust investment income | (1,208,621) | (1,637,673) | |
| Unrealized loss on investments held in trust account | 92,316 | - | |
| Changes in operating assets and liabilities: | |||
| Prepaid expense | 75,058 | 48,582 | |
| Accounts payable and accrued offering costs and expenses | 279,953 | (198,599) | |
| Promissory note – related party | 14,540 | - | |
| Net cash used in operating activities | (14,767) | (438,236) | |
| Cash flows from investing activities: | |||
| Cash deposited to trust escrow account | (165,000) | - | |
| Net cash used in investing activities | (165,000) | - | |
| Cash flows from financing activities: | |||
| Proceeds from promissory note – related party | 55,000 | - | |
| Proceeds from promissory note – third party | 110,000 | - | |
| Net cash provided by financing activities | 165,000 | - | |
| Net change in cash | (14,767) | (438,236) | |
| Cash at beginning of period | 28,560 | 659,035 | |
| Cash at end of period | $13,793 | 220,799 | |
| Supplemental disclosure of noncash investing and financing activities | |||
| Accretion for ordinary shares subject to redemption amount | $1,281,305 | $1,675,901 | |
| Accrued expenses converted to promissory note– related party | $76,992 | $ | - |
| Accrued expenses converted to promissory note – third party | $45,000 | $ | - |
| Prepaid expenses paid by promissory note – third party | $81,000 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.