Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1491

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1491
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 Private
Placement Units released to us from the Trust Account upon the closing of our Business Combination may be used as consideration to pay
the sellers of a target business with which we complete our Business Combination. If our Business Combination is paid for using equity
or debt securities, or not all of the funds released from the Trust Account are used for payment of the consideration in connection with
our Business Combination or used for redemption of our Public Shares, we may use the balance of the cash released to us from the Trust Account following the closing for general corporate purposes, including for maintenance or expansion of operations of the post-transaction
businesses, the payment of principal or interest due on indebtedness incurred in completing our Business Combination, to fund the purchase
of other companies or for working capital.

5

In
addition, we may be required to obtain additional financing in connection
with the closing of our Business Combination to be used following the closing for general corporate purposes as described above. There
is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or
other indebtedness in connection with our Business Combination, including pursuant to forward purchase agreements or backstop agreements
we may enter into following consummation of our Initial Public Offering. Subject to compliance with applicable securities laws, we would
only complete such financing simultaneously with the completion of our Business Combination. At this time, we are not a party to any arrangement
or understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise. None of
our founders is required to provide any financing to us in connection with or after our Business Combination. We may also obtain financing
prior to the closing of our Business Combination to fund our working capital needs and transaction costs in connection with our search
for and completion of our Business Combination. Our Third Amended and Restated Memorandum and Articles of Association provides that, following
our Initial Public Offering and prior to the consummation of our Business Combination, we will be prohibited from issuing additional securities
that would entitle the holders thereof to (i) receive funds from the Trust Account or (ii) vote as a class with our Public Shares (a)
on any Business Combination or (b) to approve an amendment to our Third Amended and Restated Memorandum and Articles of Association to
(x) extend the time we have to consummate a Business Combination beyond 24 months from the closing of our Initial Public Offering (or
up to 33 months,