Company: ATMCW
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001493152-25-024097
Chunk: 31

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 31
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 vote at the Meeting, holders of 917,814 ordinary shares of the Company exercised their right
to redeem such shares (the “Redemption”) for a pro rata portion of the funds held in the Trust Account. As a result, approximately
$11,362,537(approximately $12.38 per share) will be removed from the Trust Account to pay such holders.

On
October 4, 2025, the Company entered into an extension letter to extend the timeline of the business combination from October 4, 2025
to November 4, 2025. On November 4, 2025, the Company entered into the extension letters to extend the timeline of the business combination
from November 4, 2025 to December 4, 2025.

On November 12, the registration statement on Form F-4 relating to the proposed business combination with HCYC was
declared effective by the SEC.

F-19

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

References
to the “Company,” “our,” “us” or “we” refer to AlphaTime Acquisition Corp. The following
discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited
condensed financial statements and the notes related thereto. Certain information contained in the discussion and analysis set forth
below includes forward-looking statements. Our actual results may differ materially from those anticipated in these forward-looking statements
as a result of many factors.

We
are a blank check company incorporated on September 15, 2021 (“inception”) as a Cayman Islands exempted company and formed
for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses. We have generated no revenues to date, and we do not expect that we will generate operating revenues at
the earliest until we consummate our initial business combination.

We
expect to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete
a Business Combination will be successful.

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities since inception to September 30, 2025,
have been organizational activities and those necessary to consummate the Initial Public Offering (“IPO”), described below.
Following our IPO, we will not generate any operating revenues