Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 247

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 247
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 (1) | Including                                                                                                                                
 the Dilutive Interests, Founder Shares, shares which will be automatically issued upon the exchange of the Public Rights at Closing,     
 Private Shares underlying the Private Units, and PubCo shares which will be automatically issued upon the exchange of the Private Rights 
 at Closing.                                                                                                                              |
| (2) | Assumes that ATMC public shareholders holding approximately                                                                              
 417,436 ATMC Ordinary Shares subject to possible redemption will exercise their redemption rights upon consummation of the Business      
 Combination at a redemption price of approximately $12.38 per share.                                                                     |

Anticipated Accounting Treatment

The Business Combination will be treated as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, AlphaTime will be treated as the “acquired” company for financial reporting purposes, and HCYC will be determined to be the accounting acquirer. Accordingly, the Business Combination will be treated as the equivalent of HCYC issuing shares for the net assets of AlphaTime, accompanied by a recapitalization. The net assets of AlphaTime will be stated at historical cost, with no goodwill or other intangible assets recorded.

Redemption Rights

Holders of Public Shares may seek to redeem their shares for cash, regardless of whether they vote for or against, or abstain from voting on, the Proposals. Pursuant to the Existing AlphaTime Articles, holders of Public Shares may elect to have their shares redeemed for cash at the applicable redemption price per share equal to the quotient obtained by dividing (i) the aggregate amount on deposit in the Trust Account as of two business days prior to the consummation of the Business Combination, including interest (net of taxes payable), by (ii) the total number of then-outstanding Public Shares. As of the date of this proxy statement/prospectus, this would have amounted to approximately US$11.41 per share.

You will be entitled to receive cash for any Public Shares to be redeemed only if you:

| (i) | (a)                    
 hold Public Shares, or |

(b) hold Public Shares through Units and you elect to separate your Public Units into the underlying public shares prior to exercising your redemption rights with respect to the public shares; and

| 134 |

Holders of outstanding Public Units must separate the underlying ATMC Ordinary Shares prior to exercising Redemption Rights with respect to the Public Shares. If the Public Units are registered in a holder’s own name, the holder must deliver the certificate for its Public Units to American,