AlphaVest Ends Deal with Wanshun, Pursues New Opportunity

AlphaVest Acquisition Corporation (ATMV) has shared an update.

AlphaVest Acquisition Corp terminated its business combination agreement with Wanshun Technology Industrial Group, effective March 18, 2024, resulting in no further liabilities except those outlined in the termination provisions. Wanshun is required to pay a termination fee to the AlphaVest sponsor. Despite this setback, AlphaVest remains committed to seeking out a new business combination opportunity.

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