Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1738

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1738
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 abandon a particular business combination.

Although
we believe that the net proceeds of our Initial Public Offering and the sale of the Private Placement Units will be sufficient to allow
us to complete our initial business combination, because we have not yet selected any prospective target business we cannot ascertain
the capital requirements for any particular transaction. If the net proceeds of our Initial Public Offering and the sale of the Private
Placement Units prove to be insufficient, either because of the size of our initial business combination, the depletion of the available
net proceeds in search of a target business, the obligation to repurchase for cash a significant number of shares from shareholders who
elect redemption in connection with our initial business combination or the terms of negotiated transactions to purchase shares in connection
with our initial business combination, we may be required to seek additional financing or to abandon the proposed business combination.
We cannot assure you that such financing will be available on acceptable terms, if at all. To the extent that additional financing proves
to be unavailable when needed to complete our initial business combination, we would be compelled to either restructure the transaction
or abandon that particular business combination and seek an alternative target business candidate. If we are unable to complete our initial
business combination, our public shareholders may receive only approximately $10.18 per share plus any pro rata interest earned on the
funds held in the Trust Account (and not previously released to us to pay our taxes) on the liquidation of our Trust Account and our
Warrants and Rights will expire worthless. In addition, even if we do not need additional financing to complete our Business Combination,
we may require such financing to fund the operations or growth of the target business. The failure to secure additional financing could
have a material adverse effect on the continued development or growth of the target business. None of our officers, directors or shareholders
is required to provide any financing to us in connection with or after our initial business combination. If we are unable to complete
our initial business combination, our public shareholders may only receive 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.

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