Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 227

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 227
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ations are made based on historical sales data, which it adjusts based on estimates of future performance of certain key measures, such as the retention rate, payment rate, and promotion budget. In addition, in its forecasts, HCYC has also assumed significantly increased revenue growth rates during each of the fiscal years ended March 31, 2025 through March 31, 2028. If HCYC is not successful in critical activities such as developing new policy buyers and distribution networks, it will not be able to achieve the projected financial results. In light of these assumptions, the HCYC Management Projections may not be useful to shareholders.

In calculating the revenue forecasts, the management assumes a substantial increase in the company’s revenue, driven by a projected rapid annual growth in the number of insurance policies sold and their associated premiums, coupled with the assumption of stable commission rates from insurance companies, while the cost of revenue would grow at the same rate as revenue, keeping the gross profit margin stable. However, the projected growth rates hinge on several critical factors and contingencies, including (i) whether increasing competition in the market could adversely affect HCYC’s market share and revenue potential; (ii) whether changes in policy buyers’ spending habits or economic conditions may affect their willingness to make purchases, and therefore affect revenue; (iii) whether insurance companies can consistently provide compelling products; (iv) whether HCYC’s marketing campaigns, and other promotional strategies are as effective as expected; and (v) whether future legislative or regulatory changes may have a material adverse effect on HCYC’s business, results of operations, and financial condition.

For each of the fiscal
years ended March 31, 2025 through March 31, 2028, the management projected the growth rate to be 33%, 50%, 33% and 25%. However, the
company anticipates that it will be unable to meet its financial forecast for the fiscal year ended March 31, 2025. For the six months
ended September 30, 2024, the company recorded a net revenue of $2,849,852. Based on this, the net income for the entire 2025
fiscal year is expected to be $5,699,704, which represents a decrease by 47.7% compared to revenue for the year ended March 31,
2024, and 11.1% of the projected revenue for the 2025 fiscal year. The primary reason for the shortage is that the company’s