Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 560

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 560
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 the “Parties”).

| ■ | Pursuant                                                                                                                             
 to the terms of that certain Merger Agreement (the “Merger Agreement”), by and among HCYC, ATMC and the other parties                
 thereto, the Parties intend to effect a business combination transaction (the “Transaction”) whereby (a) ATMC will merge             
 with and into a newly formed Cayman Islands Company (“Merger Sub 1”), with ATMC being the surviving entity (the “First               
 SPAC Merger”), (b) following the First SPAC Merger, ATMC will merge with and into a newly formed Cayman Islands entity (“Merger      
 Sub 2”), with Merger Sub 2 being the surviving entity (the “Second SPAC Merger”, and together with the First SPAC                    
 Merger, the “Initial Mergers”), and (c) following the Initial Mergers, a newly formed Cayman Islands company (“Merger                
 Sub 3”) will merge with and into the Company (the “Acquisition Merger” and together with the Initial Mergers, the                    
 “Mergers”), with the Company being the surviving entity and becoming a wholly owned subsidiary of HCYC Holding Company               
 (“PubCo”), each Merger to occur upon the terms and subject to the conditions set forth in the Merger Agreement and in                
 accordance with the applicable provisions of the Companies Act (As Revised) of the Cayman Islands (the “Cayman Companies Act”).      |
| ■ | As                                                                                                                                   
 consideration for the Acquisition Merger, HCYC’s shareholders shall collectively be entitled to receive from ATMC, in the aggregate, 
 7,500,000 PubCo ordinary shares, with an aggregate value equal to Seventy-Five Million U.S. Dollars ($75,000,000) (the “Merger       
 Consideration”).                                                                                                                     |

The Board of Directors of ATMC has retained Newbridge Securities Corporation (“Newbridge”) to render an opinion (the “Opinion”) as to whether, on the date of such Opinion, (i) the Merger Consideration is fair, from a financial point of view, to ATMC’s public stockholders and (ii) the Company has an aggregate fair market value equal to at least eighty percent (80.0%) of the net assets held by ATMC in its trust account (the “Trust Account”) for the benefit of ATMC’s public stockholders (excluding deferred underwriting commissions and taxes payable on the interest