Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 422

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 422
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Market
Information

Our
Units, Ordinary Shares, Rights and Warrants are each traded on the Nasdaq Global Market (“Nasdaq”) under the symbols “ATMCU,”
“ATMC,” “ATMCR” and “ATMCW,” respectively. Our Units commenced public trading on December 30, 2022,
and our Ordinary Shares, Rights, and Warrants commenced separate trading on January 19, 2023.

Holders

As
of April 15, 2025, we had five holders of record of our Ordinary Shares, two holders of record of our Units, one holder of record of
our Rights and one holder of record of our Warrants.

Dividends

We
have not paid any cash dividends on our Ordinary Shares to date and do not intend to pay cash dividends. The payment of cash dividends
in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition and will
be within the discretion of our board of directors. Further, if we incur any indebtedness, our ability to declare dividends may be limited
by restrictive covenants we may agree to in connection therewith.

Securities
Authorized for Issuance Under Equity Compensation Plans

None.

Unregistered
Sale of Equity Securities

On
September 28, 2021, our Sponsor acquired 1,437,500 Founder Shares for an aggregate purchase price of $25,000. On January 8, 2022, our
Sponsor acquired an additional 287,500 Founder Shares for no additional consideration, resulting in our Sponsor holding an aggregate
of 1,725,000 Founder Shares. Concurrent with the closing of the Initial Public Offering, our Sponsor sold to Chardan or its designees
132,825 of these Founder Shares at a purchase price of $2.00 per share and an aggregate purchase price of $265,650.

Simultaneously
with the closing of the IPO, pursuant to the Private Placement Unit Purchase Agreement, the Company completed the private sale of 370,500
Units to the Sponsor at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $3,705,000.
The Private Placement Units are identical to the Units sold in the IPO. No underwriting discounts or commissions were paid with respect
to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section 4(a)(2)
of the Securities