Company: ATMCW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011749
Chunk: 27

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 27
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    Inputs  
    Inputs 

    March 31, 2025  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    Investment held in Trust Account 
    $15,596,634  
    $15,596,634  
    $-  
    $- 

    Quoted  
    Significant  
    Significant 

    Prices in  
    Other  
    Other 

    Active  
    Observable  
    Unobservable 

    As of  
    Markets  
    Inputs  
    Inputs 

    December
    31, 2024  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    Investment held in Trust Account 
    $15,240,284  
    $15,240,284  
    $-  
    $- 

The
investment held in the Trust Account was previously invested in a U.S. Treasury Bill, classified as Level 2 security and matured on July
13, 2023. The proceeds from the matured U.S. Treasury Bill were then invested in a U.S. Treasury Money Market Fund, classified as Level
1 security.

Note
9 - Subsequent Events

The
Company has evaluated subsequent events through the financial statements were available for issuance and determined that there were no
significant unrecognized events through that date other than those noted below.

On
April 4, 2025, the Company entered into an extension letter to extend the timeline of the business combination from April 4, 2025 to
May 4, 2025. On May 4, 2025, the Company entered into the extension letters to extend the timeline of the business combination from May
4, 2025 to June 4, 2025.

On
April 17, 2025, the Company received a letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock
Market LLC (“Nasdaq”) stating that, for the last 30 consecutive business days, the Minimum Value of Listed Securities (MVLS)
of the Company’s ordinary shares, $0.00001 par value per share, has been below the minimum of $50 million required for continued
listing on the Nasdaq Global Market under Nasdaq Listing