Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1737

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1737
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 up to 20% of our Ordinary Shares upon the
closing of our Initial Public Offering will participate in any vote to amend our Third Amended and Restated Memorandum and Articles of
Association, as amended, and/or Trust Agreement and will have the discretion to vote in any manner they choose. As a result, we may be
able to amend the provisions of our Third Amended and Restated Memorandum and Articles of Association, as amended, which govern our pre-business
combination behavior more easily than some other blank check companies, and this may increase our ability to complete a Business Combination
with which you do not agree. Our shareholders may pursue remedies against us for any breach of our Third Amended and Restated Memorandum
and Articles of Association, as amended.

33

Our
Initial Shareholders have agreed, pursuant to a letter agreement with us, that they will not propose any amendment to our Third Amended
and Restated Memorandum and Articles of Association, as amended, (i) that would modify the substance or timing of our obligation to allow
redemption in connection with our 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 (ii) 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. These agreements are contained in a
letter agreement that we have entered into with our founders. Our shareholders are not parties to, or third-party beneficiaries of, these
agreements and, as a result, will not have the ability to pursue remedies against our founders for any breach of these agreements. As
a result, in the event of a breach, our shareholders would need to pursue a shareholder derivative action, subject to applicable law.

We
may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target
business, which could compel us to restructure or