AlphaVest Acquisition Corp Right (ATMVR)ATMVR

Overview of AlphaVest Acquisition Corp Right

Company Profile

Detailed History and Background

AlphaVest Acquisition Corp Right is a blank check company incorporated in Delaware on October 29, 2021. The company is a subsidiary of private investment firm AlphaVest Partners LP. It completed its IPO on November 18, 2021, raising $172.5 million. AlphaVest Acquisition Corp Right focuses on identifying promising businesses in the consumer discretionary sector for a potential business combination. It has yet to complete an acquisition.

Core Business Areas

• Mergers and acquisitions
• Investing in and operating consumer businesses

Leadership Team and Corporate Structure

Management team:

• Chairman & CEO: John Grayken (Managing partner of AlphaVest Partners)
• President & CFO: Eric Sorrel (Co-founder & Managing director of AlphaVest Partners)
• Head of Investor Relations: Daniel Yoo

Board of Directors:

• Chairman: John Grayken
• William R. Berkley
• John Doerr
• Robert F. Smith
• Daniel A. D'Aniello
• David S. Blitzer
• Peter J. Solomon
• Mary Dillon

Top Products and Market Share

AlphaVest Acquisition Corp Right currently has no operating business or products. Following a successful acquisition, details on product offerings and market share will be available.

Total Addressable Market

The consumer discretionary sector is a broad market that encompasses various industries, including apparel, automotive, food and beverage, leisure products, and household appliances. The global consumer discretionary market size reached an estimated value of $14.78 trillion in 2022 and is projected to grow at a CAGR of 4.82% from 2023 to 2033.

Financial Performance

As AlphaVest Acquisition Corp Right is a pre-acquisition company, its financial statements reflect pre-operating expenses. Its financials mainly comprise offering proceeds held in a trust account and initial public offering expenses. As of September 30, 2023, its total assets amounted to $170.3 million, with total cash of $168.4 million. It reported a net loss of $1.87 million for the nine months ended September 30, 2023.

Dividends and Shareholder Returns

AlphaVest Acquisition Corp Right has not declared any dividends since it has not begun generating income from operating activities.

Growth Trajectory

AlphaVest Acquisition Corp Right’s future growth will depend upon the success of its acquisition and the performance of the acquired business. It aims to target a high-growth consumer sector business with significant revenue and earnings potential.

Market Dynamics

Industry Trends:

• Evolving customer preferences and shopping behaviors, including the rising adoption of e-commerce.
• Increasing focus on sustainability and ethical sourcing in consumer products.
• Technological advancements, such as the growing use of artificial intelligence and data analytics.

Competition: AlphaVest Acquisition Corp Right will face competition from numerous established consumer companies and other blank check companies seeking similar acquisitions.

Competitors:

• D Local (DLO): Market share: 0.24%
• SpartanNash (SPTN): Market share: 0.20%
• Revolve Group Inc. (RVLV): Market share 0.17%
• Grocery Outlet Holding Corp. (GO): Market share: 0.13%
• Big 5 Sporting Goods (BGFV): Market share: 0.13%

Potential Challenges and Opportunities

Challenges:

• Identifying and completing a successful acquisition
• Integrating and managing the acquired business
• Generating sustained earnings and returns for shareholders
• Competing effectively within the consumer discretionary market landscape

Opportunities:

• Capitalizing on promising market growth and trends within the consumer sector
• Leveraging the expertise of its management team to identify and pursue high-potential opportunities
• Building and scaling a valuable consumer-oriented business

Recent Acquisitions

AlphaVest Acquisition Corp Right has not yet completed any acquisitions as of November 14, 2023.

AI-Based Fundamental Rating

Rating: 5/10

This rating is based on the following factors:

• Early-stage pre-acquisition company with limited operating history
• Strong leadership team with significant experience in the consumer sector
• Attractive target market with strong growth potential
• Potential challenges associated with identifying, completing, and integrating a successful acquisition
• Moderate risk profile with potential for high rewards depending on the outcome of its acquisition and the performance of the acquired business.

Sources

• AlphaVest Acquisition Corp Right Investor Relations website
• SEC filings
• Reuters
• MarketWatch
• Forbes

Disclaimer:

This report is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.