SCHEDULE: Shengwei Da Secures 77% Stake in AlphaVest Post-Merger

Shengwei Da, CEO of AMC Robotics Corporation, has reported a 77.0% beneficial ownership stake in AlphaVest Acquisition Corp. following a business combination and private placement.

Summary

• Shengwei Da (Sean) now beneficially owns 18,590,000 shares of AlphaVest Acquisition Corp. Common Stock.
• This represents 77.0% of the company's outstanding Common Stock.
• The acquisition stems from a Business Combination Agreement (Merger Agreement) dated August 16, 2024, amended June 25, 2025, and a simultaneous private placement.
• 16,500,000 shares were issued to the reporting person and his affiliates in exchange for their interests in AMC Corporation.
• An additional 650,000 shares and 1,540,000 warrants were issued in a private placement.
• Da holds these securities for investment purposes and, as Chairman and CEO, may adjust his holdings.

Sentiment

Score: 7

Explanation: The filing reports a significant beneficial ownership stake by the CEO post-merger, which generally signals strong confidence and alignment. However, it is a factual ownership report rather than an operational update, and the high concentration could be a concern for minority shareholders.

Positives

• Shengwei Da, as Chairman and CEO, holds a significant 77.0% ownership, indicating strong alignment with shareholder interests and confidence in the company's future.
• The substantial ownership stake suggests a long-term commitment from key management.

Negatives

• The highly concentrated ownership (77.0%) by a single individual could limit liquidity for other shareholders and potentially reduce diverse perspectives in governance.

Risks

• The reporting person has entered into a Lock-Up Agreement, restricting the sale or distribution of equity securities for 180 days from the closing of the merger transactions, which could impact market liquidity for a period.
• High beneficial ownership by a single individual (77.0%) could lead to potential control issues or influence over corporate decisions that may not always align with minority shareholder interests.

Future Outlook

The reporting person, as Chairman and CEO, may from time to time acquire additional securities or dispose of existing securities of the Issuer, indicating potential future changes in his ownership stake.

Management Comments

• I hold the securities reported upon for investment purposes.
• As Chairman of the Board of Directors and Chief Executive Officer of the Issuer, I may, from time to time, acquire additional securities of the Issuer, or dispose of securities of the issuer.

Industry Context

This filing reflects the post-business combination ownership structure, where the founder/CEO of the acquired entity (AMC Corporation, now AMC Robotics Corporation) consolidates a significant controlling stake in the newly public company. This is a common outcome in SPAC mergers, where the private company's leadership often becomes the dominant shareholder of the combined entity.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• Kami Vision Incorporated, an entity of which Shengwei Da is executive chairman and 80% owner, received 1,050,000 shares of Common Stock and 1,540,000 shares of Common Stock issuable upon exercise of warrants in connection with the transactions.

Stakeholder Impact

• Shareholders: High insider ownership provides confidence but also concentration risk. The lock-up agreement affects liquidity for the reporting person for a defined period. Registration rights for Kami Vision could lead to future share sales, potentially increasing the public float.
• Management/Employees: Shengwei Da's confirmed leadership role as CEO and Chairman provides continuity and clear direction for the combined entity.

Next Steps

• The reporting person may acquire additional securities or dispose of existing securities of the Issuer in the future.
• The Issuer has agreed to register the resale of certain shares held by Kami Vision Incorporated under a registration rights agreement.
• The 180-day lock-up period for the reporting person's equity securities will expire.

Key Dates

Recommendation

The filing details a significant beneficial ownership stake (77.0%) by the company's Chairman and CEO, Shengwei Da, following a business combination and private placement. While high insider ownership generally signals strong confidence and alignment, this Schedule 13D primarily reports a change in ownership structure rather than operational or financial performance. Without further financial disclosures or strategic updates, a 'hold' recommendation is prudent, acknowledging the strong insider commitment while awaiting more comprehensive business performance data.

Keywords

AlphaVest Acquisition Corp, AMC Robotics Corporation, Shengwei Da, Schedule 13D, beneficial ownership, SPAC, merger, private placement, corporate governance