Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 345

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 345
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'>DESCRIPTION OF PUBCO SECURITIES</div>

A summary of the material provisions governing PubCo’s share capital immediately following consummation of the Business Combination is described below. This summary is not complete and should be read together with the Amended PubCo Articles, a form of which is appended to this proxy statement/prospectus as Annex B.

PubCo is a Cayman Islands exempted company with limited liability and immediately following consummation of the Business Combination its affairs will be governed by the Amended PubCo Articles, the Cayman Islands Companies Act, and the common law of the Cayman Islands.

As of the date of this proxy statement/prospectus, PubCo’s authorized share capital consists of 50,000 ordinary shares of a par value of US$1.00 each. All PubCo Ordinary Shares issued and outstanding at the consummation of the Business Combination will be fully paid and non-assessable.

After the Business Combination, according to the Amended PubCo Articles, the authorized share capital of PubCo is yet to be determined, but it will consist of a certain amount of ordinary shares of a par value of US$10.00 each and a certain amount of preference shares of a par value of US$10.00 each.

The Amended PubCo Articles will become effective upon consummation of the Business Combination. The following are summaries of material provisions of the Amended PubCo Articles and the Cayman Islands Companies Act insofar as they relate to the material terms of the PubCo Ordinary Shares.

Ordinary Shares

General.PubCo will maintain a register of its shareholders. Every shareholder whose name is entered in such register may, without payment and upon written request, request a share certificate within two calendar months after allotment or lodgment of transfer.

Dividends.The holders of PubCo Ordinary Shares are entitled to such dividends as may be declared by PubCo board of directors. Amended PubCo Articles provide that the directors may declare a dividends out of the funds of PubCo lawfully available therefor. Further, a dividend shall be deemed to be an interim dividend unless the terms of the resolution pursuant to which the directors resolve to pay such dividend specifically state that such dividend shall be a final dividend. No dividend or other distribution shall be paid except out of the realized or unrealized profits of the PubCo, out of the share premium account or as otherwise permitted by law.

Voting Rights. Holders of PubCo Ordinary Shares have the right to receive notice of, attend, speak and