Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 62

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 62
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 the applicable payments set forth in the Merger Agreement. Pursuant to the Merger Agreement, the Pre-Closing Company Shareholders (as defined in the Merger Agreement) are entitled to receive their Pro Rata Portion (as defined in the Merger Agreement) of up to 1,500,000 PubCo Ordinary Shares (the “ Earnout Shares”), as follows:

| (i)  | the                                                                                                                                        
 Pro Rata Portion of 750,000 Earnout Shares (collectively, the “2024 Earnout Shares”) will be issued and delivered by                       
 PubCo to each Pre-Closing Company Shareholder within five Business Days (as defined in the Merger Agreement) following the date of         
 filing of an annual report on Form 20-F or 10-K whichever is applicable by PubCo with the SEC containing an audited report issued          
 by the independent auditor of PubCo for the PubCo 2024 Audited Financials, if and only if, such PubCo 2024 Audited Financials reflect      
 net income in excess of $5,000,000 during fiscal year 2024;                                                                                |
| (ii) | subject                                                                                                                                    
 to clause (iii) below, the Pro Rata Portion of 750,000 Earnout Shares (collectively, the “2025 Earnout Shares”) will                       
 be issued and delivered by PubCo to each Pre-Closing Company Shareholder within five Business Days following the date of filing of         
 an annual report on Form 20-F or 10-K whichever is applicable by PubCo with the SEC containing an audited report issued by the independent 
 auditor of PubCo for the PubCo 2025 Audited Financials, if and only if, such PubCo 2025 Audited Financial reflects net income in           
 excess of $10,000,000 during fiscal year 2025; provided, that                                                                              |

if the PubCo 2024 Audited Financials do not reflect net income in excess of $5,000,000 during fiscal year 2024, but the PubCo 2025 Audited Financials reflect net income in excess of $15,000,000 during fiscal year 2025, the Pro Rata Portion of 1,500,000 Earnout Shares will be issued and delivered by PubCo to each Pre-Closing Company Shareholder within five Business Days following the date of filing of the PubCo 2025 Audited Financials. For the avoidance of doubt, and subject to adjustment