Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 141

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 141
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Co Ordinary Shares on Nasdaq, and Nasdaq may not list PubCo’s securities, which could limit investors’ ability to make transactions in AlphaTime’s securities and subject AlphaTime to additional trading restrictions.

PubCo will be required to meet the initial listing requirements to be listed on the Nasdaq Stock Market. However, PubCo may be unable to maintain the listing of its securities in the future.

If PubCo fails to meet the initial listing requirements and the continued listing requirements upon listing and Nasdaq delists its securities, AlphaTime could face significant material adverse consequences, including:

a limited availability of market quotations for its securities;

a limited amount of news and analyst coverage for the company; and

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

AlphaTime may waive one or more of the conditions to the Business Combination without resoliciting shareholder approval for the Business Combination.

AlphaTime may agree to waive, in whole or in part, some of the conditions to its obligations to complete the Business Combination, to the extent permitted by applicable laws. The Board will evaluate the materiality of any waiver to determine whether amendment of this proxy statement/prospectus and resolicitation of proxies is warranted. In some instances, if the Board determines that a waiver is not sufficiently material to warrant resolicitation of shareholders, AlphaTime has the discretion to complete the Business Combination without seeking further shareholder approval. For example, it is a condition to AlphaTime’s obligations to close the Business Combination that there be no restraining order, injunction or other order restricting HCYC’s conduct of its business, however, if the Board determines that any such order or injunction is not material to the business of HCYC, then the Board may elect to waive that condition without shareholder approval and close the Business Combination.

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AlphaTime Shareholders will experience immediate dilution as a consequence of the issuance of PubCo Ordinary Shares as consideration in the Business Combination and from other dilution sources. Having a minority share position may reduce the influence that the non-redeeming AlphaTime shareholders have on the management of PubCo upon Closing.

The issuance of additional PubCo Ordinary Shares in the Business Combination will dilute the equity interests of the Public Shareholders and may adversely affect prevailing market prices for the Public Shares upon Closing. The Public Shareholders who do not redeem their Public Shares may experience dilution from a number of sources to varying degrees in connection with and after the Business Combination. The impact of dilution from the issuance of PubCo Ordinary Shares in connection with