Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 198

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 198
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 portion of the ATMC Ordinary Shares. The independent directors of AlphaTime did not retain an unaffiliated representative to act solely on behalf of unaffiliated security holders for purposes of negotiating the terms of the Business Combination and/or preparing a report concerning the approval of the Business Combination. The Business Combination was not structured to require the approval of at least a majority of unaffiliated security holders of AlphaTime.

Based on its review of the foregoing considerations, the AlphaTime Board concluded that these risks could be managed or mitigated by Company or were unlikely to have a material impact on the Business Combination or AlphaTime, and that, overall, the potentially negative factors associated with the Business Combination were outweighed by the potential benefits that it expects that AlphaTime Shareholders will receive as a result of the Business Combination. The AlphaTime Board realized that there can be no assurance about future results, including results considered or expected as disclosed in the foregoing reasons.

The preceding discussion of the information and factors considered by the AlphaTime Board is not intended to be exhaustive but includes the material factors considered by the AlphaTime Board.

Material Tax Considerations

Material U.S. Federal Income Tax Considerations

The following are material U.S. federal income tax consequences of (A) (i) the Business Combination generally applicable to U.S. Holders (defined below) of ATMC Ordinary Shares, Public Rights and Public Warrants (together, “ ATMC Securities”), (ii) the subsequent ownership and disposition of PubCo Ordinary Shares and PubCo Warrants (together, “ PubCo Securities”) received by such holders in the Business Combination and (iii) the exercise of redemption rights by U.S. Holders of ATMC Ordinary Shares, and (B) the Business Combination applicable to ATMC, HCYC and holders of HCYC Shares.

This summary is limited to U.S. federal income tax considerations relevant to U.S. Holders that hold ATMC Securities and, after the completion of the Business Combination, will hold PubCo Securities, as “capital assets” within the meaning of Section 1221 of the Internal Revenue Code of 1986, as amended (the “ Code”) (generally, property held for investment). This discussion does not address all aspects of U.S. federal income taxation that may be relevant to particular holders in light of their individual circumstances or status, including:

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