Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1725

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1725
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 Articles of Association, as
amended, provides, among other things, that prior to our initial business combination, we may not issue additional shares of capital
share that would entitle the holders thereof to: (i) receive funds from the Trust Account; or (ii) vote as a class with our Public Shares
(a) on any initial business combination or (b) to approve an amendment to our amended and restated articles of association to (x) extend
the time we have to consummate a Business Combination beyond 24 months from the closing of our Initial Public Offering, or if we decide
to extend the period of time to consummate our Business Combination, beyond 33 months from the closing of our Initial Public Offering
(as further described in our Registration Statement), or (y) amend the foregoing provisions, unless (in connection with any such amendment
to our amended and restated articles of association) we offer our public shareholders the opportunity to redeem their Public Shares.
These provisions of our Third Amended and Restated Memorandum and Articles of Association, as amended, like all provisions of our Third
Amended and Restated Memorandum and Articles of Association, as amended, may be amended with the approval of our shareholders. However,
our executive officers and directors have agreed, pursuant to a written agreement with us, that they will not propose any amendment to
our Third Amended and Restated Memorandum and Articles of Association, as amended, to (A) modify the substance or timing of our obligation
to provide for the redemption of our Public Shares in connection with an initial business combination or to redeem 100% of our Public
Shares if we do not complete our initial business combination within 24 months from the closing of our Initial Public Offering, or if
we decide to extend the period of time to consummate our Business Combination, within 33 months from the closing of our Initial Public
Offering (as further described in our Registration Statement) or (B) with respect to any other material provision relating to shareholders’
rights or pre-initial business combination activity, unless we provide our public shareholders with the opportunity to redeem their Ordinary
Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding Public Shares.

27

The
issuance of additional ordinary or preferred shares:

    ●
    
    may
    significantly dilute