Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 229

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 229
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 section entitled “ Unaudited Pro Forma Condensed Combined Financial Information.” The analysis of AlphaTime’s management and advisors in support of the revised valuation has taken into consideration the financial parameters of comparable companies and other information as of a more recent date, comparing to the analysis reviewed by the AlphaTime Board when discussing the original valuation of HCYC.

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Fairness Opinion of AlphaTime’s Financial Advisor

As soon as reasonably practicable after the execution of the Merger Agreement, AlphaTime received the final opinion of Newbridge that, as of the date of such opinion and based upon and subject to the assumptions, limitations, qualifications and conditions set forth therein, the Merger Consideration to be paid PubCo pursuant to the Merger Agreement is fair from a financial point of view to all of the shareholders of AlphaTime from a financial perspective and shall deliver a copy of such opinion to HCYC. No material relationships exist or are mutually understood to be contemplated between Newbridge, its affiliates, and/or unaffiliated representative, and AlphaTime, its sponsor, and/or their respective affiliates. Any compensation received by Newbridge will be solely for its services in preparing its fairness opinion to the AlphaTime Shareholders. No instructions were received from, nor were limitations imposed by the Company or its Sponsor to Newbridge in rendering their Fairness Opinion.

Reasons for AlphaTime Board’s Approval of the Business Combination

The AlphaTime Board considered a variety of factors in connection with its evaluation of the Business Combination. In light of the complexity of those factors, the AlphaTime Board, as a whole, did not consider it practicable to, nor did it attempt to, quantify or otherwise assign relative weights to the specific factors it took into account in reaching its decision. Individual members of the AlphaTime Board may have given different weight to different factors.

In considering the Business Combination, the AlphaTime Board considered the following positive factors, although not weighted or in any order of significance:

| ● | Public                                                                                     
 Company Readiness. The AlphaTime Board’s belief that Company is well positioned            
 to be a public company in terms of scale and size, and a company that public equity market 
 investors will understand and value.                                                       |

| ● | Product                                                                               
 Advantages. The AlphaTime Board’s recognition of Company’s unique position            
 in operating in Hong Kong’s global market environment to offer international products 
 through linked exchange rates.                                                        |

| ● | Global                                                                                       
 Business Distribution. The AlphaTime Board’s belief that Company’s targets                   
 customers covering other