Company: ATMCW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011749
Chunk: 71

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1A
Chunk 71
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As
of the date of this Report, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K filed
with the SEC on April 15, 2025.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

Use
of Proceeds

On
January 4, 2023, the Company consummated the initial public offering of 6,000,000 Units (the “Units” and, with respect to
the Ordinary shares included in the Units sold, the “Public Shares”), including 900,000 Units that were issued pursuant to
the underwriters’ exercise of their over-allotment option in full on January 9, 2023, at $10.00 per Unit, generating gross proceeds
of $69,000,000.

Simultaneously
with the closing of the initial public offering, we consummated the sale of 370,500 Private Placement Units at a price of $10.00 per
warrant, generating gross proceeds of $3,705,000. On January 9, 2023, simultaneously with the sale of the over-allotment Units, the Company
consummated the private sale of an additional 38,700 Private Units, generating additional gross proceeds of $387,000.

Transaction
costs related to the issuances described above amounted to $4,892,699 consisting of $1,612,500 of underwriting fees, $2,415,000 of deferred
underwriting fees and $865,199 of other offering costs. After deducting the underwriting discounts and commissions and offering expenses,
the total net proceeds from the initial public offering and the sale of the Private Placement Warrants $70,242,000 (or $10.18 per share
sold in the initial public offering) was placed in the Trust Account.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

None.

9

Item
6. Exhibits

EXHIBIT
INDEX

    Exhibit
    Number
     
    Description

    31.1*
     
    Certification of Principal Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).

    31.2*
     
    Certification of Principal Financial Officer required by Rule 13a-14(a) or Rule 15d-14