Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1484

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1484
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 of the date by which the Company must consummate
a Business Combination from January 4, 2024 (the “Termination Date”) up to ten (10) times, the first extension comprised of
three months, and the subsequent nine (9) extensions comprised of one month each (each an “Extension”) up to January 4, 2025
(i.e., for a period of time ending up to 24 months after the consummation of its Initial Public Offering for a total of twelve (12) months
after the Termination Date (assuming a Business Combination has not occurred). The Company also entered into an amendment (the “Trust
Agreement Amendment”) to the Investment Management Trust Agreement, dated as of December 30, 2022, with Equiniti Trust Company,
LLC (as amended, the “Trust Agreement”). Pursuant to the Trust Agreement Amendment, the Company has extended the date by which
it has to complete a Business Combination from the Termination Date up to ten (10) times, with the first extension comprised of three
months, and the subsequent nine (9) extensions comprised of one month each from the Termination Date, or extended date, as applicable,
to January 4, 2025 by providing five days’ advance notice to the trustee prior to the applicable Termination Date, or extended date,
and depositing into the Trust Account $55,000 for each monthly extension (the “Extension Payment”) until January 4, 2025 (assuming
a Business Combination has not occurred) in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation
of a Business Combination.

In
connection with the shareholders’ vote at the Meeting, holders of
2,160,774 Ordinary Shares of the Company exercised their right to redeem such shares (the “Redemption”) for a pro rata portion
of the funds held in the Trust Account. As a result, approximately $23,302,146 (approximately $10.78 per share) was removed from the Trust Account to pay such holders and approximately $51,108,602 remained in the Trust Account. Following the Redemption, the Company had
6,873,426 Ordinary Shares outstanding.

At
an extraordinary general meeting of shareholders held on December 20, 2024
(the “Second Meeting”), the Company adopted an amendment to the Third Amended and Restated Memorandum and Articles of Association
(the “Amendment”) reflecting the extension of