Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 235

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 235
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 by the persons described above would allow them to exert more influence over the approval of the Business Combination Proposal and the other proposals to be presented at the Extraordinary General Meeting and would likely increase the chances that such proposals would be approved. Moreover, any such purchases may make it more likely that AlphaTime will have in excess of the required amount of cash available to consummate the Business Combination as described above. As of the date of this proxy statement/prospectus, no agreements dealing with the above have been entered into.

Compensation Received by the Sponsor and its Affiliates

On September 28, 2021, AlphaTime’s sponsor acquired 1,437,500 Founder Shares for an aggregate purchase price of $25,000. On January 8, 2022, AlphaTime’s sponsor acquired an additional 287,500 Founder Shares for no additional consideration, resulting in the sponsor holding an aggregate of 1,725,000 Founder Shares. Prior to the initial investment in the company of $25,000 by the sponsor, AlphaTime had no assets, tangible or intangible. The number of Founder Shares issued was determined based on the expectation that such Founder Shares would represent approximately 20% of the outstanding shares upon completion of the IPO (excluding the private shares and shares underlying the IPO). Concurrent with the closing of the IPO, the Sponsor sold to Chardan or its designees 132,825 of these Founder Shares at a purchase price of $2.00 per share and an aggregate purchase price of $265,650.

On November 9, 2021, AlphaTime entered into an agreement with TenX Global Capital LP (“ TenX”) to provide AlphaTime with advisory service in connection with its Initial Public Offering and business combination, to assist in hiring consultants and other service providers and other relevant services to commence trading including filing the necessary documents as part of the transaction. TenX will also assist in preparing AlphaTime for investor presentations, conferences for due diligence, deal structuring and term negotiations. As compensation for TenX’s services to AlphaTime, AlphaTime has paid an aggregate of $200,000 to TenX.

Sponsors’ Prior SPAC Experience

Affiliates of our Sponsors have extensive history in capital markets transactions, including with special purpose acquisition companies (“ SPACs”). The following are brief summaries of SPAC in which the affiliates of our Sponsors have been in or are currently involved:

Taylor Zhang: TenX Keane Acquisition

Our Sponsor, Alphamade Holding LP, is controlled by