Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1505

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1505
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 have generally
increased and the terms of such policies have generally become less favorable. There can be no assurance that these trends will not continue.

The
increased cost and decreased availability of directors and officers liability insurance could make it more difficult and more expensive
for us to negotiate an initial business combination. In order to obtain directors and officers liability insurance or modify its coverage
as a result of becoming a public company, the post-business combination entity might need to incur greater expense, accept less favorable
terms or both. However, any failure to obtain adequate directors and officers liability insurance could have an adverse impact on the
post-business combination’s ability to attract and retain qualified officers and directors.

In
addition, even after we were to complete an initial business combination, our directors and officers could still be subject to potential
liability from claims arising from conduct alleged to have occurred prior to the initial business combination. As a result, in order
to protect our directors and officers, the post-business combination entity may need to purchase additional insurance with respect to
any such claims (“run-off insurance”). The need for run-off insurance would be an added expense for the post-business combination
entity, and could interfere with or frustrate our ability to consummate an initial business combination on terms favorable to our investors.

13

Our
Sponsor has the right to extend the term we have to consummate our initial business combination up to 33 months from the closing of our
Initial Public Offering without providing our shareholders with a corresponding redemption right.

We
have up to 33 months from the closing of our Initial Public Offering to consummate an initial business combination. However, if we anticipate
that we may not be able to consummate our initial business combination within 33 months, we may, by resolution of our Board, if requested
by our Sponsor, extend the period of time we will have to consummate an initial business combination up to nine (9) times, each by an
additional one (1) month (for a total of up to 33 months from the closing of our Initial Public Offering), provided that, pursuant to
the terms of our Third Amended and Restated Memorandum and Articles of Association, as amended, and the Trust Agreement in order for
the time available for us to consummate our initial business combination to be extended, our Sponsor or their affiliates or designees,
upon five days’ advance notice prior to the applicable deadline, must deposit into the Trust Account $55,000 per each month in
an extension