Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1728

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1728
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 our shareholders, warrant holders or rights holders may not
support.

In
order to complete a Business Combination, blank check companies have, in the recent past, amended various provisions of their charters
and governing instruments, including their warrant agreement and rights agreement. For example, blank check companies have amended the
definition of business combination, increased redemption thresholds, changed industry focus and, with respect to their Warrants and Rights,
amended their warrant agreements and rights agreements to require the Warrants and Rights, respectively, to be exchanged for cash and/or
other securities. We cannot assure you that we will not seek to amend our charter or other governing instruments or change our industry
focus in order to complete our initial business combination.

Our
founders paid an aggregate of $25,000 for the Founder Shares, or approximately $0.01 per founder share. As a result of this low initial
price, our founders stand to make a substantial profit even if an initial business combination subsequently declines in value or is unprofitable
for our public shareholders.

As
a result of the low acquisition cost of our Founder Shares, our founders could make a substantial profit even if we select and consummate
an initial business combination with an acquisition target that subsequently declines in value or is unprofitable for our public shareholders.
Thus, such parties may have more of an economic incentive for us to enter into an initial business combination with a riskier, weaker-performing
or financially unstable business, or an entity lacking an established record of revenues or earnings, than would be the case if such
parties had paid the full offering price for their Founder Shares.

We
may amend the terms of the Warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of
at least 50% of the then outstanding public warrants. As a result, the exercise price of your Warrants could be increased, the exercise
period could be shortened and the number of our Ordinary Shares purchasable upon exercise of a Warrant could be decreased, all without
your approval.

Our
Warrants are in a registered form under a warrant agreement and between Equiniti Trust Company, LLC, as warrant agent, and us. The warrant
agreement provides that the terms of the Warrants may be amended without the consent of any holder to cure any ambiguity or correct any
defective provision but requires the approval by the holders of at least 50% of the then outstanding public warrants to make any change
that adversely affects the