Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 139

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 139
---
    Deferred underwriting commission
    charged to APIC 
    $-  
    $2,415,000 

The
accompanying notes are an integral part of these financial statements.

 F-6 

ALPHATIME
ACQUISITION CORP

NOTES
TO FINANCIAL STATEMENTS

Note
1 - Description of Organization, Business Operations and Liquidity

AlphaTime
Acquisition Corp (the “Company”) was incorporated in Cayman Islands on September 15, 2021. The Company was formed for the
purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses (the “Business Combination”). The Company is not limited to a particular industry or sector for
purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company
is subject to all of the risks associated with early stage and emerging growth companies.

As
on December 31, 2024, the Company had not commenced any operations. All activities for the period from September 15, 2021 (inception)
through December 31, 2024, relates to the Company’s organizational activities, those necessary to prepare for and complete the
initial public offering (“IPO”), identifying a target company for a business combination and activities in connection with
the business combination. The Company will not generate any operating revenues until the completion of its initial Business Combination,
at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the IPO.
The Company has selected December 31 as its fiscal year end.

The
Company’s sponsor is Alphamade Holding LP, a Delaware limited partnership (the “Sponsor”). The registration statement
for the Company’s IPO was declared effective on December 30, 2022 (the “Effective Date”). On January 4, 2023, the Company
consummated the IPO of 6,000,000 units (the “Units”). Each Unit consists of one ordinary share of the Company, par value
$0.0001 per share (the “Ordinary Shares”), one redeemable warrant (the “Warrants”) and one right (the “Rights”),
with each Right entitling the holder thereof to receive one-tenth of one Ordinary Share upon the completion of an initial Business Combination,
subject to adjustment. The Units were sold