Company: ATMCW
Filing Date: 2025-11-19
Form Type: PRE 14A
Source: 0001493152-25-024302
Chunk: 68

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-19
Form: PRE 14A
Chunk 68
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 requirements following any shareholder redemptions of public shares in connection with the approval of the charter amendment proposal and the implementation of the Extension. If Nasdaq delists any of our securities from trading on its exchange and we are not able to list such securities on another national securities exchange, we expect such securities could be quoted on an over-the-counter market. However, if this were to occur, our shareholders and we could face significant material adverse consequences, including:

| ● | limited                                                                                                                          
 availability of market quotations for our securities;                                                                            |
| ● | reduced                                                                                                                          
 liquidity for our securities;                                                                                                    |
| ● | a                                                                                                                                
 determination that our Ordinary Shares are a “penny stock” which will require brokers trading in our Ordinary Shares             
 to adhere to more stringent rules, possibly resulting 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 our units, Ordinary Shares, warrants and rights are currently listed on Nasdaq, our units, Ordinary Shares, warrants and rights are covered securities under the statute. Although the states are preempted from regulating the sale of our securities, the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities issued by blank check companies, other than the State of Idaho, certain state securities regulators view blank check companies unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies in their states. Further, if we were no longer listed on Nasdaq, our securities would not be covered securities under the statute and we would be subject to regulation in each state in which we offer our securities.

| 36 |

<div align='center'>BENEFICIAL OWNERSHIP OF SECURITIES</div>

The following table sets forth information regarding the beneficial ownership of AlphaTime’s Ordinary Shares as of the Record Date based on information obtained from the