AMC Robotics Corp
For the period ended Dec 31, 2025. Filed Apr 20, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 20, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
(Mark One)
For the fiscal year ended December 31,2025
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 |
|---|---|
| For the transition period from to__ |
Commission file number001-41574
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 41-3041844 |
|---|---|
| (State of Incorporation) | (I.R.S. Employer ID No.) |
12 East 49 th Street**, Suite 1805**
New York, New York 10017
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code:(734) 709-5127
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Stock, par value $0.0001 per share | AMCI | The Nasdaq Stock Market LLC |
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act. Yes ☐No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ☐ | Accelerated filer ☐ |
|---|---|
| Non-accelerated filer ☒ | Smaller reporting company ☒ |
| Emerging growth company ☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit reports.☐
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒
The registrant consummated its initial business combination in December 2025. Accordingly, the combined company’s securities werenot publicly traded at that time.
As of April 20, 2026,22,595,363 shares of the registrant’s Common Stock were outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
None.
TABLE OF CONTENTS
| PART I | ||
|---|---|---|
| Item 1. | Business | 1 |
| Item 1A. | Risk Factors | 7 |
| Item 1B. | Unresolved Staff Comments | 23 |
| Item 1C. | Cybersecurity | 23 |
| Item 2. | Property | 25 |
| Item 3. | Legal Proceedings | 25 |
| Item 4. | Mine Safety Disclosures | 25 |
| PART II | ||
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 26 |
| Item 6. | [Reserved] | 26 |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 27 |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 39 |
| Item 8. | Financial Statements and Supplementary Data | 40 |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 41 |
| Item 9A. | Controls and Procedures | 41 |
| Item 9B. | Other Information | 42 |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 42 |
| Item 10. | Directors and Executive Officers of the Registrant | 42 |
| Item 11. | Executive Compensation | 46 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 48 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 49 |
| Item 14. | Principal Accounting Fees and Services | 59 |
| PART IV | ||
| Item 15. | Exhibits and Financial Statement Schedules | 60 |
i
FREQUENTLY USED TERMS
Unless otherwise stated or the context otherwise requires, as used in this Annual Report on Form 10-K:
| ● | “AMC Washington” means AMC Corporation, a Washington corporation and wholly-owned subsidiary of the Company since the consummation of the Business Combination; |
| ● | “Business Combination” means the Domestication, Merger and the other transactions contemplated by the Business Combination Agreement and the other agreements entered into by AMC Washington and AlphaVest Acquisition Corp (“AlphaVest”, “AlphaVest Acquisition Corp” or “SPAC”) in connection with the Business Combination; |
| ● | “Business Combination Agreement” means the Business Combination Agreement, by and among AlphaVest, AMC Washington and Merger Sub; |
| ● | “Bylaws” means the bylaws of the Company; |
| ● | “Charter” means the certificate of incorporation of the Company; |
| ● | “Closing” means the closing of the Business Combination; |
| ● | “Closing Date” means December 9, 2025, the date on which the Closing occurred; |
| ● | “Code” means the Internal Revenue Code of 1986, as amended; |
| ● | “Common Stock” means shares of common stock, par value $0.0001 per share, of the Company; |
| ● | “Company”, “AMC,” “we,” “us”, “our” or other similar phrases means AlphaVest Acquisition Corp, a Cayman Islands exempted company, prior to the Business Combination and AMC Robotics Corporation, a Delaware corporation, after the Business Combination; |
| ● | “DGCL” means the Delaware General Corporation Law, as amended; |
| ● | “Domestication” means the deregistration of AlphaVest as an exempted company in the Cayman Islands and the transfer by way of continuation of AlphaVest as a Delaware corporation, as part of the Business Combination; |
| ● | “Exchange Act” means the Securities Exchange Act of 1934, as amended; |
| ● | “Founder Shares” means the shares of common stock of AlphaVest acquired by certain of the Selling Securityholders prior to AlphaVest’s initial public offering which became shares of Common Stock upon the Domestication; |
| ● | “GAAP” means generally accepted accounting principles in the United States; |
| ● | “IRS” means the Internal Revenue Service; |
| ● | “JOBS Act” means the Jumpstart Our Business Startups Act of 2012, as amended; |
| ● | “Merger Sub” means AV Merger Sub Inc., a Washington corporation and wholly-owned subsidiary of AlphaVest prior to the Business Combination; |
| ● | “Merger” means the merger of Merger Sub with and into AMC Washington on the Closing Date, with AMC Washington being the surviving corporation of the Merger and becoming a wholly owned subsidiary of the Company; |
| ● | “Nasdaq” means the Nasdaq Stock Market LLC; |
| ● | “Organizational Documents” means the Company’s Certificate of Incorporation and Bylaws; |
| ● | “PIPE Agreements” means those certain securities purchase agreements executed by the PIPE Investors in connection with the PIPE Financing; |
| ● | “PIPE Financing” means the private financing of 800,000 shares of Common Stock at $10.00 per share for aggregate gross proceeds of $8,000,000 consummated simultaneously with the Closing of the Business Combination; |
| ● | “PIPE Investors” means the investors that participated in the PIPE Financing; |
| ● | “PRC” means the People’s Republic of China; |
| ● | “SEC” means the United States Securities and Exchange Commission; and |
| ● | “Securities Act” means the Securities Act of 1933, as amended. |
ii
FORWARD-LOOKING STATEMENTS
The Company makes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act in this Annual Report on Form 10-K and in documents incorporated by reference herein. All statements, other than statements of present or historical fact included in or incorporated by reference in this Annual Report on Form 10-K, regarding the Company’s future financial performance, as well as the Company’s strategy, future operations, future operating results, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “expect,” “anticipate,” “contemplate,” “believe,” “estimate,” “intend,” “project,” “budget,” “forecast,” “anticipate,” “plan,” “may,” “will,” “could,” “should,” “predict,” “potential,” and “continue” or similar words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. You should read statements that contain these words carefully because they:
| ● | discuss future expectations; |
| ● | contain projections of future results of operations or financial condition; or |
| ● | state other “forward-looking” information. |
All forward-looking statements included herein attributable to the Company or any person acting on the Company’s behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. These cautionary statements are being made pursuant to federal securities laws with the intention of obtaining the benefits of the “safe harbor” provisions of such laws. Except to the extent required by applicable laws and regulations, the Company undertakes no obligations to update these forward-looking statements to reflect events or circumstances after the date of this Annual Report on Form 10-K or to reflect the occurrence of unanticipated events.
There may be events in the future that the Company is not able to predict accurately or over which it has no control. The section in this Annual Report on Form 10-K entitled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the other cautionary language discussed in this Annual Report on Form 10-K provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations described by the Company in such forward-looking statements. These examples include:
| ● | the Company’s inability to raise sufficient capital to execute its business plan; |
| ● | the size, demands and growth potential of the markets for the Company’s products and services and the Company’s ability to serve those markets; |
| ● | the degree of market acceptance and adoption of the Company’s products and services; |
| ● | the Company’s ability to attract and retain customers; |
| ● | the Company’s success in retaining or recruiting officers, key employees or directors; |
| ● | the impact of the regulatory environment and complexities with compliance related to such environment; and |
| ● | factors relating to the business, operations and financial performance of the Company and its subsidiaries. |
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other risk factors included herein. Forward-looking statements reflect current views about the Company’s plans, strategies and prospects, which are based on information available as of the date of this Annual Report on Form 10-K. Except to the extent required by applicable law, the Company undertakes no obligation (and expressly disclaims any such obligation) to update or revise the forward-looking statements whether as a result of new information, future events or otherwise.
Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not place undue reliance on those statements.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Annual Report on Form 10-K.
iii
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.