Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 306

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 306
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    Income earned on Trust Account 
     (2,782,552) 
     (3,130,199)
  
    Changes in current assets and liabilities: 

    Prepaid expenses 
     27,739  
     (35,000)
  
    Accounts payable and accrued expenses 
     851,112  
     674,635 
  
    Due
    to related parties 
     368,981  
     173,389 
  
    Net
    cash used in operating activities 
    $(36,129) 
    $(376,057)

    Cash Flows from Investing
    Activities: 

    Principal deposited in Trust Account 
    $(550,000) 
    $(70,242,000)
  
    Proceeds from sale of investments in the Trust Account 
     62,154,467  
     71,915,996 
  
    Purchase of investments in the Trust Account 
     -  
     (72,605,996)
  
    Net
    cash provided by (used in) investing activities 
    $61,604,467  
    $(70,932,000)

    Cash Flows from Financing
    Activities: 

    Proceeds from sale of ordinary shares 
    $-  
    $69,000,000 
  
    Proceeds from issuance of Private Units 
     -  
     4,092,000 
  
    Proceeds from issuance of promissory note to
    related party 
     572,500  
     690,000 
  
    Payment of underwriting discount 
     -  
     (1,612,500)
  
    Proceeds from Unit Purchase Option 
     -  
     100 
  
    Redemption of ordinary shares 
     (62,154,467) 
     - 
  
    Payment to related party 
     -  
     (368,066)
  
    Payment of offering costs 
     -  
     (478,423) 
  
    Net
    cash (used in) provided by financing activities 
    $(61,581,967) 
    $71,323,111

    Net change in cash 
     (13,629) 
     15,054 
  
    Cash—beginning
    of the period 
     15,054  
     - 
  
    Cash—end of