Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1503

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1503
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 business combination or such greater
amount necessary to satisfy a closing condition, each as described above, we would not proceed with such redemption and the related business
combination and may instead search for an alternate business combination. Prospective targets will be aware of these risks and, thus,
may be reluctant to enter into a Business Combination transaction with us.

The
ability of our public shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete
the most desirable business combination or optimize our capital structure.

At
the time we enter into an agreement for our initial business combination, we will not know how many shareholders may exercise their redemption
rights, and therefore will need to structure the transaction based on our expectations as to the number of shares that will be submitted
for redemption. If our Business Combination agreement requires us to use a portion of the cash in the Trust Account to pay the purchase
price or requires us to have a minimum amount of cash at closing, we will need to reserve a portion of the cash in the Trust Account
to meet such requirements, or arrange for third-party financing. In addition, if a larger number of shares are submitted for redemption
than we initially expected, we may need to restructure the transaction to reserve a greater portion of the cash in the Trust Account
or arrange for third-party financing. Raising additional third-party financing may involve dilutive equity issuances or the incurrence
of indebtedness at higher than desirable levels. The above considerations may limit our ability to complete the most desirable business
combination available to us or optimize our capital structure. The amount of deferred underwriting commissions payable to the underwriters
will not be adjusted for any shares that are redeemed in connection with a Business Combination. The per-share amount we will distribute
to shareholders who properly exercise their redemption rights will not be reduced by deferred underwriting commissions and after such
redemptions, the per-share value of shares held by non-redeeming shareholders will reflect our obligation to pay deferred underwriting
commissions.

12

The
ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability
that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your share.

If
our Business Combination agreement requires us to use a portion of the cash in the Trust Account to pay the purchase price or requires
us to have a minimum amount of cash at closing, the probability that our initial business combination would be unsuccessful