Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 231

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 231
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 Merger Agreement and the Transaction Documents, the consideration to be issued for the Business Combination is fair to AlphaTime’s public shareholders. Newbridge reached an opinion regarding only the merger consideration and, although Newbridge may have considered the initial AlphaTime Shareholders’ interests, it did not reach a conclusion as to the fairness of those interests.

The preceding discussion of the information and factors considered by the AlphaTime Board is not intended to be exhaustive but includes the material factors considered by the AlphaTime Board.

HCYC’S Reasons for the Combination and Recommendation of the HCYC Board of Directors

In reaching the decision to proceed with the transactions contemplated by the Merger Agreement, the HCYC Board consulted with HCYC’s executive management and its legal, business and strategy consultants considered a variety of factors with respect to such transactions, including those matters involving HCYC discussed above in “ Background of the Business Combination.” As discussed in greater detail below, these consultations included discussions regarding HCYC and AlphaTime’s strategic business plans, the costs and risks of executing these business plans, the respective companies’ past and current business operations and financial condition, their future prospects, the strategic rationale for the transaction and the terms and conditions of the merger agreement.

The following discussion of the information and factors considered by the HCYC Board is not exhaustive. In view of the wide variety of factors considered in connection with the Business Combination, the HCYC Board did not consider it practical, nor did it attempt, to quantify or otherwise assign relative weight to different factors it considered in reaching its decision. In addition, the HCYC Board may have given different weight to different factors. The HCYC Board considered this information as a whole, and overall considered it to be favorable to, and in support of, its determination and recommendations.

Among the material information and factors considered by the HCYC Board were the following:

| ● | AlphaTime                                                                                        
 as a Platform for Organizational Growth. The Business Combination could provide HCYC’s           
 business with the ability to combine the resources afforded to it as a Nasdaq-traded company     
 with AlphaTime’s core business to capitalize on additional growth and development opportunities, 
 as well as acquisition prospects;                                                                |

| ● | AlphaTime                                                                                        
 as a Platform for Geographic Expansion. The Business Combination could also provide HCYC         
 with the ability to expand its operations into new markets where AlphaTime has already developed 
 expertise and relationships with key constituencies in these markets;                            |

| ● | Access                                                                                     
 to Capital for