Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 22

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 22
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 may obtain it, see the section entitled “ Where You Can Find More Information.”

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<div align='center'>FINANCIAL STATEMENTS PRESENTATION</div>

AlphaTime

The historical financial statements of AlphaTime were prepared in accordance with generally accepted accounting principles in the United States (“ U.S. GAAP”) and are denominated in U.S. Dollars.

HCYC

HCYC’s historical consolidated financial statements included in this proxy statement/prospectus were prepared in accordance with U.S. GAAP and are denominated in U.S. Dollars.

PubCo

PubCo was incorporated on December 15, 2023, for the sole purpose of effectuating the transactions described herein. PubCo’s historical financial statements included in this proxy statement/prospectus were prepared in accordance with U.S. GAAP and are denominated in U.S. Dollars.

The Business Combination is made up of the series of transactions provided for in the Merger Agreement as described elsewhere within this proxy statement/prospectus. The transactions will be accounted for as a reverse recapitalization in accordance with U.S. GAAP whereby PubCo will be considered the accounting acquirer and AlphaTime will be treated as the acquired company. The net assets of AlphaTime will be stated at historical cost, with no goodwill or other intangible assets recorded.

Immediately following the Business Combination, PubCo will qualify as a foreign private issuer and will prepare its consolidated financial statements and pro forma financial statements in accordance with U.S. GAAP.

Accordingly, the unaudited pro forma condensed combined financial information and the comparative per share information that will be presented in this proxy statement/prospectus will be prepared in accordance with U.S. GAAP.

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<div align='center'>FREQUENTLY USED TERMS</div>

Unless otherwise stated or unless the context otherwise requires, the term “ HCYC” refers to HCYC Group Company Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands, the term “ AlphaTime” refers to AlphaTime Acquisition Corp, a Cayman Island exempted company, and “ PubCo” refers to HCYC Holding Company, a newly incorporated exempted company with limited liability incorporated under the laws of the Cayman Islands.

In addition, in this document:

“ Acquisition Entities” means PubCo, Merger Sub 1, Merger Sub 2 and Merger Sub 3;

“ Acquisition Merger” means the merger where Merger Sub 3 merges into and