Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1707

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1707
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 letter of intent or merger agreement where
we paid for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as
a result of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect
to, a target business. If we are unable to complete our initial business combination, our public shareholders may receive only approximately
$10.18 per share or less in certain circumstances on the liquidation of our Trust Account and our Warrants and Rights will expire worthless.
In certain circumstances, our public shareholders may receive less than $10.18 per share upon our liquidation. See “— If
third parties bring claims against us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received
by shareholders may be less than $10.18 per share” and other risk factors in this section.

If
the net proceeds of our Initial Public Offering and the sale of the Private Placement Units not being held in the Trust Account are insufficient,
it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination
and we will depend on loans from our founders or management team to fund our search for a Business Combination, to pay our taxes and
to complete our initial business combination. If we are unable to obtain these loans, we may be unable to complete our initial business
combination.

Of
the net proceeds of our Initial Public Offering and the sale of the Private Placement Units, only approximately $600,000 will be available
to us initially outside the Trust Account to fund our working capital requirements. In the event that our offering expenses exceed our
estimate of $525,000 (excluding deferred underwriting discount), we may fund such excess with funds not to be held in the Trust Account.
In such case, the amount of funds we intend to be held outside the Trust Account would decrease by a corresponding amount. Conversely,
in the event that the offering expenses are less than our estimate of $525,000 (excluding deferred underwriting discount), the amount
of funds we intend to be held outside the Trust Account would increase by a corresponding amount. If we are required to seek additional
capital, we would need to borrow funds from our founders or their affiliates to operate, or we may be forced to liquidate. None of our
founders nor any of their affiliates is under any obligation to advance funds to us in such circumstances. Any such advances would be
repaid