Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 558

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 558
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 of an initial Business Combination,
subject to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $60,000,000. On
January 6, 2023, Chardan Capital Markets, LLC exercised its over-allotment option (the “Overallotment”), which subsequently
closed on January 9, 2023, to purchase an additional 900,000 Units at a public offering price of $10.00 per Unit, generating additional
gross proceeds to the Company of $9,000,000.

Simultaneously
with the closing of the IPO, the Company completed the sale of 370,500 private units to the Sponsor (the “Private Units”)
at a purchase price of $10.00 per Private Unit, generating gross proceeds to the Company of $3,705,000. Simultaneously with the closing
of the Overallotment, the Company completed the private sale of an additional 38,700 Private Units, at a purchase price of $10.00 per
Private Unit, generating additional gross proceeds to the Company of $387,000. Transaction costs amounted to $4,892,699 consisting of
$1,612,500 of underwriting discount, $2,415,000 of deferred underwriting commission and $865,199 of other offering costs.

Following
the closing of the IPO and the sale of over-allotment units, an aggregate of $70,242,000 of the proceeds from the IPO and the sale of
the Private Units (including the Overallotment of the Units and Private Units) were placed in a U.S.-based Trust Account at U.S. Bank
maintained by Equiniti Trust Company, acting as trustee and will be invested only in U.S. government securities, within the meaning set
forth in Section 2(a)(16) of the Investment Company Act, having a maturity of 180 days or less or in money market funds meeting certain
conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations.
Except with respect to income earned on the funds held in the Trust Account that may be released to the Company to pay income tax obligations,
the proceeds from the IPO will not be released from the Trust Account until the earlier of the completion of a Business Combination or
the Company’s liquidation.

     F-7 

The
Company’s management has broad