Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 185

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 185
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 Share (as defined in the Merger Agreement) will represent only the right to receive the applicable payments set forth in the Merger Agreement.

Pursuant to the Merger Agreement, the Pre-Closing Company Shareholders (as defined in the Merger Agreement) are entitled to receive their Pro Rata Portion (as defined in the Merger Agreement) of up to 1,500,000 PubCo Ordinary Shares (the “ Earnout Shares”), as follows:

| (iii) | the                                                                                             
 Pro Rata Portion of 750,000 Earnout Shares (collectively, the “2024 Earnout Shares”)            
 will be issued and delivered by PubCo to each Pre-Closing Company Shareholder within five       
 Business Days (as defined in the Merger Agreement) following the date of filing of an annual    
 report on Form 20-F or 10-K whichever is applicable by PubCo with the SEC containing an audited 
 report issued by the independent auditor of PubCo for the PubCo 2024 Audited Financials,        
 if and only if, such PubCo 2024 Audited Financials reflect net income in excess of $5,000,000   
 during fiscal year 2024;                                                                        |

| (iv) | subject                                                                                             
 to clause (iii) below, the Pro Rata Portion of 750,000 Earnout Shares (collectively, the            
 “2025 Earnout Shares”) will be issued and delivered by PubCo to                                     
 each Pre-Closing Company Shareholder within five Business Days following the date of filing         
 of an annual report on Form 20-F or 10-K whichever is applicable by PubCo with the SEC containing   
 an audited report issued by the independent auditor of PubCo for the PubCo 2025 Audited Financials, 
 if and only if, such PubCo 2025 Audited Financial reflects net income in excess of $10,000,000      
 during fiscal year 2025; provided, that if the PubCo 2024 Audited Financials                        
 do not reflect net income in excess of $5,000,000 during fiscal year 2024, but the PubCo            
 2025 Audited Financials reflect net income in excess of $15,000,000 during fiscal year 2025,        
 the Pro Rata Portion of 1,500,000 Earnout Shares will be issued and delivered by PubCo to           
 each Pre-Closing Company Shareholder within five Business Days following the date