Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1538

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1538
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 to be equal to 115% of the greater of the Market Value and the Newly Issued Price,
and the $16.50 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 165% of the Market Value and
the Newly Issued Price. This may make it more difficult for us to consummate an initial business combination with a target business.

We
may amend the terms of the Rights in a manner that may be adverse to holders of public rights with the approval by the holders of at
least 50% of the then outstanding public rights. 

Our
Rights will be issued in registered form under a rights agreement and between Equiniti Trust Company, LLC as rights agent, and us. The
Rights agreement provides that the terms of the Rights may be amended without the consent of any holder to cure any ambiguity or correct
any defective provision, but requires the approval by the holders of at least 50% of the then outstanding public rights to make any change
that adversely affects the interests of the registered holders of public rights. Accordingly, we may amend the terms of the public rights
in a manner adverse to a holder if holders of at least 50% of the then outstanding public rights approve of such amendment.

30

Because
we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous
initial business combination with some prospective target businesses.

The
federal proxy rules require that a proxy statement with respect to a vote on a Business Combination meeting certain financial significance
tests include target historical and/or pro forma financial statement disclosure. We will include the same financial statement disclosure
in connection with our tender offer documents, whether or not they are required under the tender offer rules. These financial statements
may be required to be prepared in accordance with, or be reconciled to, accounting principles generally accepted in the United States
of America, or GAAP, or international financial reporting standards as issued by the International Accounting Standards Board, or IFRS,
depending on the circumstances and the historical financial statements may be required to be audited in accordance with the standards
of the Public Company Accounting Oversight Board (United States), or PCAOB. These financial statement requirements may limit the pool
of potential target businesses we may acquire because some targets may be unable to provide such financial statements in time for us
to disclose such financial statements in accordance with federal proxy rules and complete our initial business combination within the
prescribed time frame.

Risks
Related to