Company: ATMCW
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001493152-25-024097
Chunk: 51

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 2
Chunk 51
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References
to the “Company,” “our,” “us” or “we” refer to AlphaTime Acquisition Corp. The following
discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited
condensed financial statements and the notes related thereto. Certain information contained in the discussion and analysis set forth
below includes forward-looking statements. Our actual results may differ materially from those anticipated in these forward-looking statements
as a result of many factors.

We
are a blank check company incorporated on September 15, 2021 (“inception”) as a Cayman Islands exempted company and formed
for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses. We have generated no revenues to date, and we do not expect that we will generate operating revenues at
the earliest until we consummate our initial business combination.

We
expect to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete
a Business Combination will be successful.

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities since inception to September 30, 2025,
have been organizational activities and those necessary to consummate the Initial Public Offering (“IPO”), described below.
Following our IPO, we will not generate any operating revenues until the completion of our initial business combination. We will generate
non-operating income in the form of interest income after the IPO. We expect to incur increased expenses as a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For
the three months ended September 30, 2025, we had a net income of $165,713, which consists of income of $1,227 derived from formation
and operating costs offset by income earned on investment held in Trust Account of $164,486.

For
the nine months ended September 30, 2025, we had a net income of $156,367, which consists of loss of $472,179 derived from formation
and operating costs offset by income earned on investment held in Trust Account of $628,546.

For
the three months ended September 30, 2024, we had a net income of $404,367, which consists of loss of $280,163 derived from formation
and operating costs