Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 519

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 519
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During the period from September 15, 2021 (inception)
through December 31, 2023, a cash fee of $200,000 has been incurred as deferred offering costs for these services of which $160,000 has
been paid by the Sponsor through December 31, 2022 and additional $40,000 was paid subsequently through December 31, 2023.

Off-Balance Sheet Arrangements; Commitments and
Contractual Obligations

As of December 31, 2024, we did not have any off-balance
sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations.

Critical Accounting Policies And Estimates

The preparation of financial statements
and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements,
and income and expenses during the periods reported. Actual results could materially differ from those estimates. We have identified below
critical accounting policies.

Ordinary Shares Subject to Possible Redemption

We account for our ordinary shares subject to possible
redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities
from Equity.” Ordinary shares subject to mandatory redemption is classified as a liability instrument and is measured at fair value.
Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that is either within the control of
the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified
as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s ordinary shares
features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain
future events. Accordingly, ordinary shares subject to possible redemption is presented at redemption of $11.09 per share (plus any income
earned from Trust Account) as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheets.
The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares
to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable ordinary
shares are affected by charges against additional paid in capital or accumulated deficit if additional paid in capital equals to zero.

74

Net Income (Loss) per Share

The Company