Company: ATMCW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011749
Chunk: 5

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 5
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mination
Date, or extended date, as applicable, to January 4, 2025 by providing five days’ advance notice to the trustee prior to the applicable
Termination Date, or extended date, and depositing into the Trust Account $55,000 for each monthly extension (the “Extension Payment”)
until January 4, 2025 (assuming a business combination has not occurred) in exchange for a non-interest bearing, unsecured promissory
note payable upon the consummation of a business combination.

At an extraordinary general meeting of shareholders
held on December 20, 2024 (the “Second Meeting”), the Company adopted an amendment to the Third Amended and Restated Memorandum
and Articles of Association (the “Amendment”) reflecting the extension of the date by which the Company must consummate a
business combination from January 4, 2025 (the “Termination Date”) up to nine (9) times, each comprised of one month each
(each an “Extension”) up to October 4, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its
Initial Public Offering for a total of nine (9) months after the Termination Date (assuming a business combination has not occurred).
The Company also entered into an amendment (the “Second Trust Agreement Amendment”) to the Trust Agreement. Pursuant to the
Second Trust Agreement Amendment, the Company has extended the date by which it has to complete a business combination from the Termination
Date up to nine (9) times, each comprised of one month each from the Termination Date, or extended date, as applicable, to October 4,
2025 by providing five days’ advance notice to the trustee prior to the applicable Termination Date, or extended date, and depositing
into the Trust Account an Extension Payment of $55,000 until October 4, 2025 (assuming a business combination has not occurred) in exchange
for a non-interest bearing, unsecured promissory note payable upon the consummation of a business combination.

On January 4, 2024, the Company deposited $165,000
into the Trust Account to extend the deadline to complete the business combination from January 4, 2024 to April 4, 2024. In connection
with this extension, on December 28, 2023, the Company entered into a non-interest bearing promissory note with the Sponsor for $