Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1699

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1699
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 of their intent to effect an extension, we intend to issue a press release announcing such intention at least
three days prior to the applicable deadline. In addition, we intend to issue a press release the day after the applicable deadline announcing
whether or not the funds had been timely deposited. Our Sponsor and its affiliates or designees are not obligated to fund the Trust Account
to extend the time for us to complete our initial business combination. To the extent that some, but not all, of our Sponsor’s
affiliates or designees, decide to extend the period of time to consummate our initial business combination, such affiliates or designees
may deposit the entire amount required. If we are unable to consummate our initial business combination within such time period, we will,
as promptly as possible but not more than 10 business days thereafter, redeem 100% of our outstanding Public Shares for a pro rata portion
of the funds held in the Trust Account, including a pro rata portion of any interest earned on the funds held in the Trust Account and
not previously released to us to pay our taxes, and then seek to dissolve and liquidate. However, we may not be able to distribute such
amounts as a result of claims of creditors which may take priority over the claims of our public shareholders. In the event of our dissolution
and liquidation, the Private Placement Units, Warrants, and Rights will expire and be worthless.

The
requirement that we complete our initial business combination within the prescribed time frame may give potential target businesses leverage
over us in negotiating a Business Combination and may decrease our ability to conduct due diligence on potential business combination
targets as we approach our dissolution deadline, which could undermine our ability to complete our Business Combination on terms that
would produce value for our shareholders.

Any
potential target business with which we enter into negotiations concerning a Business Combination will be aware that we must complete
our initial business combination within 24 months from the closing of our Initial Public Offering, or if we decide to extend the period
of time to consummate our Business Combination, within 33 months from the closing of our Initial Public Offering (as further described
in our Registration Statement). Consequently, such target business may obtain leverage over us in negotiating a Business Combination,
knowing that if we do not complete our initial business combination with that particular target business, we may be unable to complete
our initial business combination with any target business. This risk will increase as we get closer to the timeframe described above.
In addition