AlphaVest Acquisition Corp. Reports Q2 2025 Financial Results with Significant Net Income Decline

AlphaVest Acquisition Corp. has reported its financial results for the second quarter of 2025, revealing a net income of $23,368 for the three months ended June 30, 2025, compared to a net income of $382,746 for the same period in 2024. The company’s revenue primarily stems from interest income on marketable securities held in its trust account, which amounted to $191,641 for the quarter, a significant decrease from $530,141 in the prior year. For the six months ending June 30, 2025, the net income was $32,064, down from $731,987 in the same period of 2024. The decline in profitability is attributed to increased formation and operating costs, which rose to $168,274 in Q2 2025 from $147,397 in Q2 2024.

In terms of assets, AlphaVest reported total assets of $18,813,087 as of June 30, 2025, an increase from $18,063,705 at the end of 2024. The company’s cash held in trust increased to $18,764,521, up from $18,000,701 at the end of the previous fiscal year. However, the company also reported a working capital deficit of $2,422,391, reflecting ongoing financial challenges as it continues to seek a suitable business combination. The total liabilities increased to $2,470,957 from $1,753,640, primarily due to higher accounts payable and accrued expenses.

AlphaVest has not yet completed any business combinations since its inception, and as of June 30, 2025, it had not commenced any operations. The company is classified as a smaller reporting company and an emerging growth company, which allows it to take advantage of certain regulatory exemptions. The company has extended its business combination deadline to September 22, 2025, following shareholder approvals for amendments to its governing documents. This extension allows AlphaVest additional time to identify and negotiate a merger or acquisition target.

Operationally, AlphaVest has seen a reduction in its ordinary shares outstanding, with 3,854,856 shares reported as of August 14, 2025, down from 4,725,829 shares a year prior. The company has also engaged in various promissory notes to fund its operations, with outstanding amounts of $558,326 due to related parties and $1,223,743 in promissory notes to third parties as of June 30, 2025. The company’s management has expressed concerns regarding its ability to continue as a going concern, citing the need for additional capital to meet its operational and transaction costs.

Looking ahead, AlphaVest remains focused on identifying a suitable business combination, although it acknowledges the uncertainty surrounding its ability to do so within the extended timeframe. The company’s management has indicated that it may require additional financing to complete a business combination or to cover operational costs, which could involve issuing new securities or incurring debt. The ongoing search for a target company and the associated costs will continue to be critical factors influencing AlphaVest's financial performance in the coming months.