Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1724

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1724
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 we will not be required to file or maintain in
effect a registration statement, but we will be required to use our commercially reasonable efforts to register or qualify the shares
under applicable blue sky laws to the extent an exemption is not available. In no event will we be required to net cash settle any Warrant.
If the issuance of the shares upon exercise of the Warrants is not so registered or qualified or exempt from registration or qualification,
the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless. In
such event, holders who acquired their Warrants as part of a purchase of Units will have paid the full unit purchase price solely for
the Ordinary Shares included in the Units. If and when the Warrants become redeemable by us, we may exercise our redemption right even
if we are unable to register or qualify the underlying Ordinary Shares for sale under all applicable state securities laws. We will use
our commercially reasonable efforts to register or qualify such Ordinary Shares under the blue sky laws of the state of residence in
those states in which the Warrants were offered by us in our Initial Public Offering.

26

We
may issue additional Ordinary Shares or preferred shares to complete our initial business combination or under an employee incentive
plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely
present other risks.

Our
Third Amended and Restated Memorandum and Articles of Association, as amended, authorizes the issuance of up to 200,000,000 Ordinary
Shares, par value $0.0001 per share and 1,000,000 preferred shares, par value $0.0001 per share. There are 3,469,450 Ordinary Shares
issued and outstanding. There are 196,530,550 unissued Ordinary Shares, respectively, available for issuance, which amount does not take
into account the Ordinary Shares reserved for issuance upon exercise of any outstanding Warrants or Rights. There are no preferred shares
issued and outstanding.

We
may issue a substantial number of additional Ordinary Shares or preferred shares to complete our initial business combination or under
an employee incentive plan after completion of our initial business combination (although our Third Amended and Restated Memorandum and
Articles of Association, as amended, provides that we may not issue securities that can vote with ordinary shareholders on matters related
to our pre-initial business combination activity). However, our Third Amended and Restated Memorandum and