Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 174

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 174
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ayment of formation, operating or deferred offering costs the Sponsor paid on behalf of Alphatime |     | (1,256,486 | ) |
| Repayment of unsecured promissory notes issued to Alphatime                                          |     | (1,262,500 | ) |
| Payment of accounts payable and accrued expenses of Alphatime                                        |     | (1,426,038 | ) |
| Payment of deferred underwriting fees of Alphatime                                                   |     | (2,415,000 | ) |
|                                                                                                      |     |  8,953,499 |   |

B Reclassification of ATMC Ordinary Shares subject to possible redemption - assuming No Redemption Scenario

Assuming the No Additional Redemption Scenario, the adjustments to capitalization primarily relate to three events: (1) The reclassification of 1,335,250 ATMC Ordinary Shares subject to redemption into 1,335,250 PubCo Ordinary Shares, which increases Ordinary Share par value by approximately $134 and Additional Paid-in Capital (APIC) by $15.8 million. (2) The effect of the October 1, 2025 redemption of 917,814 ATMC Ordinary Shares, which decreases Cash by $11.4 million and reduces Ordinary Share par value and APIC by approximately $92 and $11.4 million, respectively. (3) The conversion of ATMC Rights upon merger completion, resulting in the issuance of 730,920 PubCo Ordinary Shares and an increase to Ordinary Share par value of $73.

C Conversion of HCYC ordinary shares into PubCo Ordinary Shares

Pursuant to the Merger Agreement, the HCYC shareholders shall receive 7,500,000 shares of PubCo upon the business combination. Based on a par value of $0.0001, the adjustment to the PubCo Ordinary Shares par value balance will be approximately $750.

D Conversion of debt due to a related party into PubCo Ordinary Shares

Pursuant to an agreement between PubCo,
HCYC, and Ms. Xiameng Ding, a related party of HCYC, upon the closing of the Business Combination, PubCo shall convert a debt of $929,224
owed by HCYC to Ms. Ding into PubCo Ordinary Shares. Ms. Ding will receive 92,923 PubCo Ordinary Shares in satisfaction
of the debt, based on a conversion price of $10.00 per share. The adjustment will reduce amount due to related parties