Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 561

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 561
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 earned on the Trust Account), as of the date of the Merger Agreement.

We have not been requested to opine to, and our Opinion does not in any manner address, the underlying business decision of ATMC to proceed with the Transaction. In addition, we have not been requested to explore any alternatives to the Transaction. Further, our Opinion does not address the relative merits of the Transaction as compared to any alternative business strategy that might exist for ATMC.

Newbridge, as part of its investment banking business, is regularly engaged in the valuation of businesses and their securities in connection with mergers and acquisitions, going private transactions, related-party transactions, negotiated underwritings, secondary distributions of listed and unlisted securities, debt restructurings, private placements, related-party transactions, and valuations for corporate and other purposes. We do not perform tax, accounting or legal services, nor do we render such advice.

| Investment Advisory Services offered through Newbridge Financial Services Group, Inc. an SEC Registered Investment Advisor 
 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432 | Telephone: 561.395.1220 Fax: 561.229.1531                    
 www.newbridgesecurities.com                                                                                                |

Newbridge will receive a fee and reimbursement of its expenses for such services. In addition, ATMC has agreed to indemnify Newbridge for certain liabilities arising out of its engagement, including the rendering of this Opinion.

Newbridge has not participated in, or provided advice with respect to, the pricing determination, structuring or negotiation of the Transaction.

In the ordinary course of business, Newbridge, certain customer accounts held at Newbridge, and certain of our affiliates, as well as investment funds in which we or our affiliates may have financial interests, may acquire, hold or sell, long or short positions, or trade or otherwise effect transactions, in equity, debt, and other securities and financial instruments (including bank loans and other obligations) of, or investments in, ATMC, and its successor entities.

In connection with the review and analysis performed to render our Opinion, among other things, we have undertaken the following:

| ■ | considered                                                                                                                             
 our assessment of general economic, market and financial conditions as well as our experience in connection with similar transactions, 
 and business and securities valuations generally;                                                                                      |
| ■ | reviewed                                                                                                                               
 a draft of the Business Combination Agreement, dated January 5th, 2024;                                                                |
| ■ | reviewed                                                                                                                               
 AT