Company: ATMCW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011749
Chunk: 2

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 2
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 value equal to at least 90% of
the assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting commissions and taxes payable on
the income earned on the Trust Account). The Company will only complete a Business Combination if the post-Business Combination company
owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a controlling interest
in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940,
as amended (the “Investment Company Act”). There is no assurance that the Company will be able to complete a Business Combination
successfully.

    F-5

The Company will provide the holders of the outstanding
Public Shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their Public Shares either (i)
in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer in connection with
the Business Combination. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a
tender offer, will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion
of the amount then in the Trust Account (initially anticipated to be $10.18 per Public Share, plus any pro rata interest then in the Trust
Account, net of taxes payable). The Public Shares subject to redemption will be recorded at a redemption value and classified as temporary
equity upon the completion of the IPO in accordance with the Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing
Liabilities from Equity.”

The Company will not redeem Public Shares in an amount
that would cause its net tangible assets to be less than $5,000,001 (so that it does not then become subject to The Securities and Exchange
Commission’s “penny stock” rules) or any greater net tangible asset or cash requirement that may be contained in the
agreement relating to the Business Combination. If the Company seeks shareholder approval of the Business Combination, the Company will
proceed with a Business Combination only if the Company receives an ordinary resolution under Cayman Islands law approving a Business
Combination, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the Company,
or such other vote as required by law or stock exchange rule. If a shareholder vote is not required