Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1529

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1529
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center.nasdaq.com
and may be displayed by other third-party providers of market data information, however, the Notice does not impact the listing of the
Company’s securities on The Nasdaq Global Market at this time. On January 16, 2025, the Company submitted a plan to regain compliance
with the Minimum Public Holders Rule.

25

On
January 29, 2025, Nasdaq issued a notice granting the Company an extension of time to regain compliance with Nasdaq Minimum Total Holders
Rule for 180 calendar days, or until May 28, 2025. The terms of the extension are as follows: on or before May 28, 2025, the Company
must file with Nasdaq documentation from its transfer agent, or independent source, that demonstrates that its Ordinary Shares, Warrants,
Units and Rights have a minimum of 400 Total Holders. In the event the Company does not satisfy the terms, Nasdaq will provide written
notification that its securities will be delisted. At that time, the Company may appeal Nasdaq’s determination to a Nasdaq Listing
Qualifications Panel.

If
NASDAQ delists our securities from trading on its exchange and we are not able to list our securities on another national securities
exchange, we expect our securities could be quoted on an over-the-counter market. If this were to occur, we could face significant material
adverse consequences, including:

    ●
    a
    limited availability of market quotations for our securities;

    ●
    reduced
    liquidity for our securities;

    ●
    a
    determination that our Ordinary Shares is a “penny stock” which will require brokers trading in our Ordinary Shares to
    adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our
    securities;

    ●
    a
    limited amount of news and analyst coverage; and

    ●
    a
    decreased ability to issue additional securities or obtain additional financing in the future.

The
National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the
sale of certain securities, which are referred to as “covered securities.” Because we expect that our Units and eventually
our Ordinary Shares, Warrants and Rights will be listed on NASDAQ, our Units, Ordinary Shares, Warrants and Rights will be covered securities.
Although the states are pre-empted from regulating the sale of our securities