Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1799

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1799
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 in this Form 10-K) or (B) with respect to any other provision
relating to shareholders’ rights or pre-initial business combination activity; or (iii) absent a Business Combination, our return
of the funds held in the Trust Account to our public shareholders as part of our redemption of the Public Shares. If we do not invest
the proceeds as discussed above, we may be deemed to be subject to the Investment Company Act. If we were deemed to be subject to the
Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have not allotted
funds and may hinder our ability to complete a Business Combination. If we are unable to complete our initial business combination, our
public shareholders may receive only approximately $10.18 per share on the liquidation of our Trust Account and our Warrants and Rights
will expire worthless. In certain circumstances, our public shareholders may receive less than $10.18 per share on the redemption of
their shares. See “— If third parties bring claims against us, the proceeds held in the Trust Account could be reduced
and the per-share redemption amount received by shareholders may be less than $10.18 per share” and other risk factors in this
section.

Compliance
obligations under the Sarbanes-Oxley Act may make it more difficult for us to complete our initial business combination, require substantial
financial and management resources, and increase the time and costs of completing an acquisition.

Section
404 of the Sarbanes-Oxley Act requires that we evaluate and report on our system of internal controls beginning with our Annual Report
on Form 10-K for the year ending December 31, 2024. Only in the event we are deemed to be a large accelerated filer or an accelerated
filer will we be required to comply with the independent registered public accounting firm attestation requirement on our internal control
over financial reporting. Further, for as long as we remain an emerging growth company, we will not be required to comply with the independent
registered public accounting firm attestation requirement on our internal control over financial reporting. The fact that we are a blank
check company makes compliance with the requirements of the Sarbanes-Oxley Act particularly burdensome on us as compared to other public
companies because a target company with which we seek to complete our Business Combination may not be in compliance with the provisions
of the Sarbanes-Oxley Act regarding adequacy of its internal controls. The development of the