Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 192

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 192
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5 by the ATMC RRA, which the HCYC RRA and the ATMC RRA were in turn amended and restated on September 16, 2025 in the A&R RRA. Pursuant to the PIPE RRA, HCYC Holding Company agreed to file with the SEC within fifteen (15) days after the consummation of the Business Combination, a registration statement to register all the Ordinary Shares and underlying Ordinary Shares of the warrants subscribed for in the Purchase Agreement, and have such registration statement be declared effective no later than 60 days from consummation of a Business Combination.

PIPE Financing Amendment

On September
14, 2025, HCYC Holding Company, AlphaTime Acquisition and the PIPE Investors executed an amendment to the Purchase Agreement, PIPE RRA
and warrants, whereby the PIPE Investors’ $11.5 million in PIPE financing will be exchanged for 1,150,000 ordinary shares and 2,300,000
warrants to purchase ordinary shares of AlphaTime rather than HCYC Holding Company. Except for the foregoing change in the issuer of
the securities and the corresponding amendments to the Purchase Agreement, PIPE RRA and warrants to reflect this change, all other material
terms and conditions of the PIPE financing remain unchanged, including the purchase price, exercise price, and other economic and contractual
provisions of the warrants.

Directors and Executive Officers of PubCo Following the Business Combination

During the initial post-Closing period, the board of directors of Pubco will consist of three directors, all who will be independent under Nasdaq requirements. The directors will be designated prior to or promptly following the Closing. See “ Pubco’s Directors and Officers Following The Business Combination.”

Ownership and Transaction Structure

The following diagrams illustrate in simplified terms the current structure of each of AlphaTime and HCYC, the steps of the proposed Business Combination, and the expected structure after the Business Combination.

| 102 |

Background of the Business Combination

After completing its initial public offering, AlphaTime utilized the operating experience and entrepreneurial insight and expertise of its management and directors to identify potential targets that benefit from the disruptive impact of new technologies and the continuing growth in developing markets.

| 103 |

AlphaTime identified the following general criteria in evaluating candidates for an initial business combination:

| ● | Strong                                                                                          
 Management Team that Can Create Significant Value for Target Business. We will seek to identify 
 companies with strong and experienced management teams that will complement the operating       
 and investment abilities of our management team. We believe