Overview
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- TickerAMCI on Nasdaq1
- IndustryRetail-Home Furniture, Furnishings & Equipment Stores1
- HeadquartersNew York, New York1
- Incorporated inCayman Islands2
- Business address420 Lexington Ave, Suite 2446, New York, Ny 101702
- Filer category, Emerging growth company2
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AI glasses, drones and AI robots, as well as related functionality and features for these products.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Revenue Share Related Party brought in 48% of the revenue AMC Robotics Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Revenue Share Related Party | $2.8M | $2.9M |
| Product Revenue | $7.4M | $2.3M |
| Product Revenue Related Party | $6.3K | $515.8K |
| Intelligent Information Service Related Party | $222.7K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue52¢$3.1M
- Research and development1¢$58.1K
- Other costs47¢$2.8M
- Income tax0¢$4.7K
Out of $6.0M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total Revenues | $6.0M | $10.2M |
| Total Cost of Revenues | -$3.1M | -$9.5M |
| Gross Profit | $2.9M | $656.0K |
| General and administrative expenses | -$2.7M | -$2.2M |
| Reversal for credit losses - related party | $1.3M | |
| Sales and marketing expenses | -$613.0K | -$2.0M |
| Research and development expenses | -$58.1K | -$255.4K |
| Total Operating Expenses | -$3.4M | -$3.2M |
| LOSS FROM OPERATIONS | -$505.2K | -$2.6M |
| Other income - related party | $1.2M | $1.8M |
| Other income, net | $39.7K | $31.6K |
| Interest income | $14.4K | $675 |
| Loss on deconsolidation | -$5.3K | |
| Loss from the change of the FV of Warrant Liability | -$25.5M | |
| Interest expense - related party | -$19.0K | |
| Interest expense | -$24.6K | -$7.9K |
| Total Other Income (loss), Net | -$24.3M | $1.8M |
| INCOME (LOSS) BEFORE INCOME TAX | -$24.8M | -$769.1K |
| Income tax expense | -$4.7K | -$7.8K |
| NET INCOME (LOSS) | -$24.8M | -$777.0K |
| Other comprehensive income | $273 | |
| TOTAL COMPREHENSIVE INCOME (LOSS) | -$24.8M | -$776.7K |
| NET INCOME (LOSS) PER SHARE: BASIC | -$1.36 | -$0.04 |
| NET INCOME (LOSS) PER SHARE: DILUTED | -$1.36 | -$0.04 |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC | 18.3M shares | 18.0M shares |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED | 18.3M shares | 18.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $7.0M | $358.9K | |
| Inventories, net | $1.1M | $3.6M | |
| Prepaid expenses | $355.5K | $100.9K | |
| Deferred offering cost | $233.3K | ||
| Promissory note receivable | $0 | $623.4K | |
| Total current assets | $11.1M | $7.2M | |
| Right-of-use asset | $101.2K | ||
| Other non-current assets | $7.7K | ||
| Prepayment - related party | $6.8K | $127.0K | |
| TOTAL ASSETS | $11.2M | $7.3M | |
| Accrued and other liabilities | $592.8K | $219.8K | |
| Tax payable | $6.6K | $6.7K | |
| Short term bank loan | $822.0K | ||
| Lease liability - current | $57.3K | ||
| Warranty liabilities - current portion | $30.0K | $69.0K | |
| Total current liabilities | $686.8K | $9.7M | |
| Lease liability - noncurrent | $52.8K | ||
| Warranty liabilities - noncurrent | $6.8K | $14.3K | |
| TOTAL LIABILITIES | $746.4K | $9.7M | |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 22,595,363 and 18,000,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $2.3K | $1.8K | |
| Additional paid-in capital | $37.7M | $142.9K | |
| Retained earnings (Accumulated deficits) | -$27.2M | -$2.5M | |
| Accumulated other comprehensive loss | -$5.7K | ||
| Total stockholders equity (deficits) | $10.4M | -$2.3M | -$1.6M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICITS) | $11.2M | $7.3M | |
| Ordinary shares, par value | $0.00 | $0.00 | |
| Ordinary shares, shares authorized | 100.0M shares | 100.0M shares | |
| Ordinary shares, shares issued | 22.6M shares | 18.0M shares | |
| Ordinary shares, shares outstanding | 22.6M shares | 18.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $7.0M | $358.9K | |
| Inventories, net | $1.1M | $3.6M | |
| Prepaid expenses | $355.5K | $100.9K | |
| Deferred offering cost | $233.3K | ||
| Promissory note receivable | $0 | $623.4K | |
| Total current assets | $11.1M | $7.2M | |
| Right-of-use asset | $101.2K | ||
| Other non-current assets | $7.7K | ||
| Prepayment - related party | $6.8K | $127.0K | |
| TOTAL ASSETS | $11.2M | $7.3M | |
| Accrued and other liabilities | $592.8K | $219.8K | |
| Tax payable | $6.6K | $6.7K | |
| Short term bank loan | $822.0K | ||
| Lease liability - current | $57.3K | ||
| Warranty liabilities - current portion | $30.0K | $69.0K | |
| Total current liabilities | $686.8K | $9.7M | |
| Lease liability - noncurrent | $52.8K | ||
| Warranty liabilities - noncurrent | $6.8K | $14.3K | |
| TOTAL LIABILITIES | $746.4K | $9.7M | |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 22,595,363 and 18,000,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $2.3K | $1.8K | |
| Additional paid-in capital | $37.7M | $142.9K | |
| Retained earnings (Accumulated deficits) | -$27.2M | -$2.5M | |
| Accumulated other comprehensive loss | -$5.7K | ||
| Total stockholders equity (deficits) | $10.4M | -$2.3M | -$1.6M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICITS) | $11.2M | $7.3M | |
| Ordinary shares, par value | $0.00 | $0.00 | |
| Ordinary shares, shares authorized | 100.0M shares | 100.0M shares | |
| Ordinary shares, shares issued | 22.6M shares | 18.0M shares | |
| Ordinary shares, shares outstanding | 22.6M shares | 18.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | -$24.8M | -$777.0K |
| (Reversal) for credit losses - related party | -$1.3M | |
| Loss from the change of the FV of Warrant Liability- | $25.5M | |
| Provision (reversal) for warranty | -$46.0K | $40.7K |
| Inventory impairment losses | $163.0K | $1.3M |
| Non-cash lease expenses | $78.2K | |
| Accounts receivable | $53.9K | $39.8K |
| Accounts receivable - related party | -$1.9M | $247.0K |
| Inventories, net | $2.3M | $176.5K |
| Prepaid expenses | -$254.6K | -$17.3K |
| Other receivable | -$125.0K | |
| Other receivable - related party, net | $1.5M | $651.4K |
| Advance to suppliers | -$3.7K | |
| Advance to suppliers related party | -$16.3K | $37 |
| Other non-current assets | -$7.7K | |
| Due from stockholder | $548.8K | |
| Prepayment - related party | $60.1K | $1.2K |
| Accounts payable | -$479 | |
| Accounts payable - related party | -$8.5M | -$255.6K |
| Accrued and other liabilities | $373.0K | $24.0K |
| Tax payable | -$46 | -$12.1K |
| Other payable - related party | -$6.3K | $1.9K |
| Warranty liabilities - current portion | $7.0K | -$32.1K |
| Warranty liabilities - noncurrent | -$7.5K | -$7.7K |
| Lease liability | -$69.3K | |
| Net cash provided by / (used in) operating activities | -$5.6M | $568.5K |
| Issuance of note receivable stockholder | -$552.2K | |
| Repayment of note receivable - stockholder | $15.9K | $986.8K |
| Repayment of promissory note | -$623.4K | |
| Net cash provided by (used in) investing activities | $15.9K | -$188.8K |
| Deferred offering cost | -$593.1K | -$233.3K |
| Capital contribution | $5.0M | $80.0K |
| Capital contribution from SPAC | $3.0M | |
| Payments related to FPA arrangement | -$6.7M | |
| Proceeds from FPA settlement | $4.3M | |
| Proceeds from PIPE shares issued | $8.0M | |
| Proceeds from short term loan | $822.0K | |
| Proceeds from note payable - related party | $1.4M | |
| Repayment of note payable - related party | -$822.0K | -$2.2M |
| Net cash provided by (used in) financing activities | $12.2M | -$148.8K |
| Effect of changes of foreign exchange rate on cash and cash equivalent | $5.7K | $273 |
| Net increase in cash and cash equivalents | $6.6M | $231.1K |
| Cash paid for interest expenses | $17.6K | $24.5K |
| Cash paid for income taxes | $42.8K | |
| Non-cash activity from deconsolidation of VIEs | $58.8K | |
| Non-cash reclassification of SPAC accumulated deficit to APIC | $6.9M | |
| Right-of-use asset obtained in exchange for lease obligation | $168.4K | |
| Unpaid deferred offering cost | $225.0K |
No quarter-by-quarter statement was filed.
Corporate structure
AMC Robotics Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of AMC Robotics Corp
- W. R. Berkley Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Aug 5, 2026 (2 filings since Aug 8, 2025)
- Harraden Circle Investments, LLC Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Feb 13, 2026 (2 filings since Nov 5, 2025)
- Shengwei (sean) Da Filed SCHEDULE 13D on AMC Robotics Corp, latest Dec 17, 2025
- Karpus Management, Inc. Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Nov 7, 2025 (2 filings since Feb 14, 2025)
- METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Aug 14, 2025 (4 filings since Nov 14, 2024)
- WOLVERINE ASSET MANAGEMENT LLC Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Jul 11, 2025 (3 filings since Oct 16, 2024)
- First Trust Capital Management L.P. Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Feb 14, 2025 (2 filings since Feb 14, 2024)
- COWEN AND COMPANY, LLC Filed SCHEDULE 13G/A on AMC Robotics Corp, latest Feb 13, 2025 (2 filings since Nov 13, 2024)
- Mizuho Financial Group Filed SC 13G on AMC Robotics Corp, latest Nov 14, 2024
- AlphaVest Holding LP Filed SC 13G on AMC Robotics Corp, latest Feb 14, 2024
- Wealthspring Capital LLC Filed SC 13G/A on AMC Robotics Corp, latest Feb 8, 2024 (2 filings since Dec 30, 2022)
- AMC Robotics Corp New York, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What AMC Robotics Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $101.2K4 Dec 31, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $7.0M4 Dec 31, 2025 | $358.9K4 Dec 31, 2024 | +1851.8% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.1M4 Dec 31, 2025 | $3.6M4 Dec 31, 2024 | −69.9% |
| Raw materials | $63.0K4 Dec 31, 2025 | $115.0K4 Dec 31, 2024 | −45.2% |
| Finished goods | $1.3M4 Dec 31, 2025 | $4.2M4 Dec 31, 2024 | −69.9% |
Properties, in its own words
We do not currently own any material real property. We lease office space in New York City under a non-cancellable 39-month lease agreement that expires in 2027. In addition to our leased office space, we rely on third parties for important aspects of our operations, including suppliers, manufacturers, distributors and online sales channels. AMC has disclosed that suppliers of its products and certain operations are located in China, and that it sells products through Amazon across the United States, Canada and Europe. As a result, our business is not dependent on owned manufacturing facilities, and our operational footprint includes third-party facilities and infrastructure used in sourcing, distribution and fulfillment. We believe our existing office space and the third-party facilities and infrastructure on which we rely are adequate for our current needs. We expect to evaluate our property needs on an ongoing basis in light of the growth of our business and operations.
Item 2 of the 10-K filed Apr 20, 2026.3
Leadership
Who has led AMC Robotics Corp, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerShengwei (sean) Da Dec 11, 2025 to now9
- Chief executive officerDavid Yan Dec 21, 2022 to Dec 21, 202210
- Chief financial officerSteve Jing Dec 21, 2022 to Dec 21, 202211
Board members and other officers (7)
- Board memberHongfei Zhang Dec 11, 2025 to now12
- Board memberShengwei (sean) Da Dec 11, 2025 to now9
- Board memberJiangang Luo Dec 5, 2024 to now13
- Board memberDavid Yan Dec 21, 2022 to Dec 21, 202210
- Board memberLi (helen) Wei Dec 21, 2022 to Dec 21, 202214
- Board memberPengfei Zheng Dec 21, 2022 to Dec 21, 202215
- Board memberSteve Jing Dec 21, 2022 to Dec 21, 202211
Former names
- AlphaVest Acquisition Corp.Jul 28, 2022 to Dec 11, 20252
Timeline
- Oct 1, 20268-K Executive or director change16
- Sep 21, 20268-K Regulation FD disclosure17
- Sep 18, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares18
- Aug 21, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure19
- Aug 17, 20268-K Results of operations20
- Jun 24, 20268-K Regulation FD disclosure21
- Jun 4, 20268-K Entered a material agreement22
- Apr 16, 20268-K Regulation FD disclosure23
- Dec 16, 20258-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale24
- Dec 11, 2025New chief executive Shengwei (sean) Da becomes CEO9
- Oct 27, 20258-K Other events25
- Sep 29, 20258-K Entered a material agreement26
- Sep 23, 20258-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote27
- Dec 21, 2022New chief executive David Yan becomes CEO10
Calendar
Coming up
- Nov 16, 2026Reports results for the quarter ending Sep/202628
When it reported results
- Aug 17, 2026Reported quarterly or annual results20
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
165 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 31 major events, 14 insider forms, 22 large holders, 82 other. The latest 20:
- Oct 1, 2026424B3 EDGAR
- Oct 1, 20268-K EDGAR
- Oct 1, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 21, 20268-K EDGAR
- Sep 18, 2026424B3 EDGAR
- Sep 18, 20268-K EDGAR
- Aug 21, 2026424B3 EDGAR
- Aug 21, 20268-K EDGAR
- Aug 20, 2026424B3 EDGAR
- Aug 17, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 5, 2026SCHEDULE 13G/A EDGAR
- Jul 16, 2026EFFECT EDGAR
- Jul 10, 2026POS AM EDGAR
- Jun 24, 20268-K EDGAR
- Jun 4, 20268-K EDGAR
- May 19, 202610-Q EDGAR
- May 18, 2026NT 10-Q EDGAR
- May 5, 202610-K/A EDGAR
- Apr 20, 202610-K EDGAR
The 165 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 9, 2025 | Harraden Circle Investors GP, LP10% owner | Sale | 133,722 | $14.28 | $1.9M | Form 4 |
| Dec 8, 2025 | Harraden Circle Investors GP, LP10% owner | Sale | 82,002 | $13.85 | $1.1M | Form 4 |
| Dec 5, 2025 | Harraden Circle Investors GP, LP10% owner | Sale | 4,451 | $8.91 | $39.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- W. R. BerkleySCHEDULE 13G/A, 2 filings Aug 8, 2025 to Aug 5, 202629
- Harraden Circle Investments, LLCSCHEDULE 13G/A, 2 filings Nov 5, 2025 to Feb 13, 202630
- Shengwei (sean) DaSCHEDULE 13D, 1 filing Dec 17, 202531
- Karpus Management, Inc.SCHEDULE 13G/A, 2 filings Feb 14, 2025 to Nov 7, 202532
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 4 filings Nov 14, 2024 to Aug 14, 202533
- WOLVERINE ASSET MANAGEMENT LLCSCHEDULE 13G/A, 3 filings Oct 16, 2024 to Jul 11, 202534
- First Trust Capital Management L.P.SCHEDULE 13G/A, 2 filings Feb 14, 2024 to Feb 14, 202535
- COWEN AND COMPANY, LLCSCHEDULE 13G/A, 2 filings Nov 13, 2024 to Feb 13, 202536
- Mizuho Financial GroupSC 13G, 1 filing Nov 14, 202437
- AlphaVest Holding LPSC 13G, 1 filing Feb 14, 202438
- Wealthspring Capital LLCSC 13G/A, 2 filings Dec 30, 2022 to Feb 8, 202439
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vontobel Holding Ltd. | 142,025 | $707.3K | 0.0% | +20,081 |
| Harraden Circle Investments, LLC | 141,019 | $702.3K | 0.1% | No change |
| UBS Group AG | 86,249 | $429.5K | 0.0% | +86,076 |
| Geode Capital Management, LLC | 64,446 | $321.2K | 0.0% | +1,279 |
| Vanguard Capital Management LLC | 53,249 | $265.2K | 0.0% | −191 |
| Vanguard Fiduciary Trust Co | 25,666 | $127.8K | 0.0% | +191 |
| Northern Trust Corp | 10,670 | $53.1K | 0.0% | +164 |
| Susquehanna International Group, Llp | 10,419 | $51.9K | 0.0% | New |
| Osaic Holdings, Inc. | 3,300 | $16.4K | 0.0% | +300 |
| Royal Bank Of Canada | 500 | $2.0K | 0.0% | New |
| Harbour Investments, Inc. | 50 | $249 | 0.0% | No change |
| SBI Securities Co., Ltd. | 25 | $125 | 0.0% | New |
| Farther Finance Advisors, LLC | 3 | $15 | 0.0% | No change |
| Caitong International Asset Management Co., Ltd | 1 | $5 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How AMC Robotics Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAMC Robotics Corp1
- CIK0001937891
- Employer ID (EIN)41-30418443
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)5700 Retail-Home Furniture, Furnishings & Equipment Stores1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address420 Lexington Ave, Suite 2446, New York, NY 101701
- Phone917-353-89781
- Shares outstanding22,600,363 as of Aug 11, 20268
- Public float$0 as of Dec 31, 202540
- AuditorUHY LLP, New York, New York PCAOB ID 1195; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJul 28, 20221
- Filings165 in all: 8-K (31), 3 (12), 10-Q (11), 425 (11), CORRESP (11), SCHEDULE 13G/A (10), UPLOAD (10), S-4/A (8)1
All 33 form types
NT 10-Q (7), SC 13G (7), 424B3 (6), 10-K (4), EFFECT (4), DEF 14A (3), NT 10-K (3), PRE 14A (3), SCHEDULE 13G (3), 4 (2), DEFA14A (2), DRSLTR (2), S-1 (2), S-1/A (2), 10-K/A (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), POS AM (1), S-4 (1), SC 13G/A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Apr 20, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Sep 3, 2025
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 per share | AMCI | Nasdaq |
From the cover page of the 10-K filed Apr 20, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks AMC Robotics Corp names in Item 1A of its 10-K filed Apr 20, 2026: 48 risks under these headings, as written.3
- It may be difficult to evaluate our business prospects, and our operating results may fluctuate.
- Our operating results may fluctuate due to seasonality.
- We have a history of net losses.
- Failure to establish and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and stock price.
- We are exposed to risks relating to price fluctuations of hardware cost.
- Aggressive business tactics by our competitors may reduce our revenue.
- We receive a substantial portion of our revenue from a limited number of service providers, and the loss of, or a significant reduction in, orders from one or more of our major service providers would result in decreased revenue and profitability.
- Mergers or other strategic transactions involving our competitors could weaken our competitive position, which could adversely affect our ability to compete effectively and harm our results of operations.
- A significant decline in subscriber retention, renewal rates, or usage of services provided by our business partners would have an adverse effect on our business, financial condition and operating results.
- If we are unable to develop new products, sell our platform and products into new markets or further penetrate our existing markets, our revenue may not grow as expected.
- We rely on wireless carriers to provide access to wireless networks through which we provide our wireless alarm, notification and intelligent automation services, and any interruption of such access would impair our business.
- Any security incident, other technology disruption, or failure to comply with laws and regulations relating to privacy and processing of personal information could result in damage to AMC’s brand and reputation, material financial penalties, and legal liability, any of which could negatively impact our business, results of operations and financial condition.
The other 36 risks
- While AMC believes that it has implemented reasonable measures to prevent security incidents, there can be no assurances that such measures will be effective to protect AMC’s information technology systems and/or the relevant personal or sensitive information it processes. As an early-stage company, AMC’s resources to invest in data security protection are limited, and AMC may not be sufficiently protected against security incidents. AMC may not have sufficient resources to adequately investigate and remediate any vulnerabilities related to security incidents, or to prevent them.
- We may require additional capital to support business growth, and this capital might not be available on acceptable terms, or at all.
- The technology employed in our products may become obsolete, and we may need to incur significant capital expenditures to update our products for changes in technology.
- If we are unable to continue to utilize the “Yi” brand name, it could materially and adversely affect our business, financial condition and results of operations.
- We depend on our suppliers, and the loss of any key supplier could materially and adversely affect our business, financial condition and results of operations.
- Disruptions in the supply chain for AMC’s products could negatively impact AMC’s business.
- AMC faces inflationary pressures which could negatively impact its business.
- Growth of our business will depend on market awareness and a strong brand, and any failure to develop, maintain, protect and enhance our brand would hurt our ability to retain or attract subscribers.
- Our strategy includes pursuing acquisitions, and our potential inability to successfully integrate newly-acquired technologies, assets or businesses may harm our financial results.
- To carry out our business plan, we may face the challenge that we are short of human capital resources.
- Evolving government and industry regulation and changes in applicable laws relating to the Internet and data privacy may increase our expenditures related to compliance efforts or otherwise limit the products we can offer, which may harm our business and adversely affect our financial condition.
- Changes in international trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on our operations.
- We rely on the performance of our senior management and highly skilled personnel, and if we are unable to attract, retain and motivate well-qualified employees, our business and results of operations could be harmed.
- Downturns in general economic and market conditions and reductions in spending may reduce demand for our platform and products, which could harm our revenue, results of operations and cash flows.
- Failure to comply with laws and regulations could harm our business.
- Our business operates in a regulated industry.
- If we fail to protect our intellectual property and proprietary rights adequately, our business could be harmed.
- Risks related to Foreign Operations
- If AMC is deemed to be a China-based company, it could have a significant impact on AMC’s business operations and the value of its securities.
- The PRC government may exercise certain oversight over the conduct of AMC’s business, and may influence AMC’s operations, which could result in changes in AMC’s operations. Changes in China’s economic or social conditions or government policies could have a material adverse effect on AMC, and the surviving combined business after the combination, and their business, results of operations, financial condition, and the value of AMC securities.
- AMC may experience delays and/or failures in obtaining and renewing relevant PRC governmental approvals, licenses, permits or others required for its operation conducted in PRC.
- The enforcement of the PRC Labor Contract Law and other labor-related regulations in the PRC may adversely affect AMC’s operations.
- Additional Regulations under PRC Law Relating to Data Security and Confidentiality and Archives Management may subject us to additional compliance requirements in the future.
- Recent greater oversight by the CAC over data security, particularly for companies seeking to list on a foreign exchange, could adversely impact our business.
- Uncertainties exist with respect to how the PRC Foreign Investment Law may impact the viability of AMC’s current corporate structure and operations.
- There are procedural requirements for foreign regulatory bodies to conduct investigations or inspections of AMC’s operations in China.
- Fluctuations in the value of the Renminbi may materially adversely affect your investment.
- General risks applicable to AMC
- Our Charter provides, subject to limited exceptions, that the Court of Chancery of the State of Delaware is the sole and exclusive forum for certain stockholder litigation matters, which could limit stockholders’ ability to obtain a favorable judicial forum for disputes with AMC or its directors, officers, employees or stockholders.
- Geopolitical conditions, including international conflicts, trade disputes and direct or indirect acts of war or terrorism, could have an adverse effect on our operations and financial results.
- Anti-takeover provisions in our organizational documents could make an acquisition of AMC more difficult.
- The rights of holders of the Common Stock may be impaired by the possible future issuance of preferred stock.
- We are a controlled company under Nasdaq rules.
- AMC is an emerging growth company within the meaning of the Securities Act, and if AMC takes advantage of certain exemptions from disclosure requirements available to “emerging growth companies”, this could make AMC’s securities less attractive to investors and may make it more difficult to compare AMC’s performance with other public companies.
- It is not expected that AMC will pay dividends in the foreseeable future after the Business Combination.
- AMC’s management team has limited experience managing a public company.
- AMC’s securities could be delisted, which could limit investors’ ability to make transactions in AMC’s securities and subject AMC to additional trading restrictions.
- AMC may be involved in legal or other proceedings arising out of their operations from time to time and may face reputational risks and significant liabilities as a result.
Legal proceedings
From time to time, the Company may become involved in claims, suits, investigations or other proceedings arising in the ordinary course of business. As of the date of this Annual Report on Form 10-K, the Company is not a party to any material pending legal proceedings, and, to the Company’s knowledge, no such material proceedings are threatened against it.
The Company may in the future be subject to litigation or regulatory proceedings, including in connection with its business, intellectual property, commercial relationships, product activities, privacy and data matters, employment matters, securities matters or other disputes.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 10SEC EDGARDavid Yan, Chief executive officer
- 11SEC EDGARSteve Jing, Chief financial officer
- 12SEC EDGARHongfei Zhang, Board member
- 13SEC EDGARJiangang Luo, Board member
- 14SEC EDGARLi (helen) Wei, Board member
- 15SEC EDGARPengfei Zheng, Board member
- 16SEC EDGARExecutive or director change
- 17SEC EDGARRegulation FD disclosure
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- 20SEC EDGARResults of operations
- 21SEC EDGARRegulation FD disclosure
- 22SEC EDGAREntered a material agreement
- 23SEC EDGARRegulation FD disclosure
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- 25SEC EDGAROther events
- 26SEC EDGAREntered a material agreement
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- 28NasdaqNasdaq calendar
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