Financial Performance - As of September 30, 2025, the company reported a net loss of $2,651,350 for the three months ended, with interest income of $165,169 and operating costs of $2,816,519[102]. - For the nine months ended September 30, 2025, the company had a net loss of $2,619,286, consisting of interest income of $543,990 and operating costs of $3,163,276[103]. - The company has not generated any operating revenues to date and will not do so until after the completion of its initial business combination[100]. Initial Public Offering - The company generated gross proceeds of $60,000,000 from the Initial Public Offering of 6,000,000 Units at $10.00 per Unit[105]. - Following the full exercise of the over-allotment option, the company placed $70,380,000 in the trust account, which may be used for the initial business combination[107]. Financial Position - As of September 30, 2025, the company had cash of $3,713 and a working capital deficit of $5,238,909[112]. - The company has marketable securities held in the trust escrow account amounting to $18,929,689, consisting of U.S. government securities[108]. Going Concern - There is substantial doubt about the company's ability to continue as a going concern within one year after the financial statements are issued[111]. Business Combination - The company expects to incur significant costs related to being a public company and due diligence expenses in connection with the search for a business combination target[101]. - The company has engaged EBC as an advisor for its business combination, with a service fee of 3.5% of the gross proceeds of the IPO payable upon consummation[117].
Alphavest Acquisition Corp(ATMVU) - 2025 Q3 - Quarterly Report