Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 344

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 344
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 of prospective target businesses or their representatives or owners, review corporate
documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination. In addition,
we could use a portion of the funds not being placed in trust to pay commitment fees for financing, fees to consultants to assist us with
our search for a target business or as a down payment or to fund a “no-shop” provision (a provision designed to keep target
businesses from “shopping” around for transactions with other companies or investors on terms more favorable to such target
businesses) with respect to a particular proposed business combination, although we do not have any current intention to do so. If we
entered into an agreement where we paid for the right to receive exclusivity from a target business, the amount that would be used as
a down payment or to fund a “no-shop” provision would be determined based on the terms of the specific business combination
and the amount of our available funds at the time. Our forfeiture of such funds (whether as a result of our breach or otherwise) could
result in our not having sufficient funds to continue searching for, or conducting due diligence with respect to, prospective target businesses.

In order to fund working capital deficiencies or finance
transaction costs in connection with an intended initial business combination, our founders or an affiliate of our founders may, but are
not obligated to, loan us funds as may be required. If we complete our initial business combination, we will repay such loaned amounts.
In the event that our initial business combination does not close, we may use a portion of the working capital held outside the trust
account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment. Up to $1,262,500 of such
loans may be convertible into working capital units, at a price of $10.00 per unit at the option of the lender. The working capital units
would be identical to the private units, each consisting of one ordinary share, one private warrant and one right with the same exercise
price, exercisability and exercise period, subject to similar limited restrictions as compared to the units sold in our IPO. The terms
of such loans by our founders or their affiliates, if any, have not been determined and no written agreements exist with respect to such
loans. We do not expect to seek loans from parties other than our founders or an affiliate of our founders as we do not believe third
parties will be willing to