Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 165

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 165
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Co’s statement of operations for the year ended March 31, 2025 and the related notes, included elsewhere in this proxy statement/prospectus.

The pro forma financial information has been prepared in accordance with Regulation S-X Article 11, Pro Forma Financial Information, as amended by the final rule, Amendments to Financial Disclosures about Acquired and Disposed Businesses, as adopted by the SEC in May 2020 (“ Article 11”). The amended Article 11 became effective on January 1, 2021. The unaudited pro forma condensed combined financial statements have been presented for illustrative purposes only and do not necessarily reflect what the Combined Company’s financial condition or results of operations would have been had the Business Combination occurred on the dates indicated. Further, the unaudited pro forma condensed combined financial information also may not be useful in predicting the future financial condition and results of operations of the Combined Company. The actual financial position and results of operations may differ significantly from the pro forma amounts reflected herein due to a variety of factors. The unaudited pro forma transaction accounting adjustments represent management’s estimates based on information available as of the date of these unaudited pro forma condensed combined financial statements and are subject to change as additional information becomes available and analyses are performed.

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On January 5, 2024, ATMC, PubCo, Merger Sub 1, Merger Sub 2, Merger Sub 3, and HCYC entered into the Agreement and Plan of Merger, pursuant to which (a) ATMC will merge with and into Merger Sub 1, with ATMC being the surviving entity, (b) immediately following the First SPAC Merger, ATMC will merge with and into Merger Sub 2, with Merger Sub 2 being the surviving entity, and (c) following the Initial Mergers, Merger Sub 3 will merge with and into HCYC, with the Company being the surviving entity and becoming a wholly owned subsidiary of PubCo. The combined company will adopt March 31 as its fiscal year-end.

On October 1, 2025, at an extraordinary general
meeting of shareholders, holders of 917,814 ordinary shares of ATMC exercised their right to redeem such shares for a pro rata portion
of the funds held in the Trust Account. This material redemption is reflected as a Transaction Accounting Adjustment and forms the foundation
for all four redemption scenarios presented below. Therefore, the unaudited pro forma condensed combined