Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 195

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 195
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 the application integration of Starlink data management and global commodity logistics and integration with digital payment and settlement platforms. AlphaTime did not continue discussion with the Candidate B due to discrepancies in valuation expectations and commercial terms and let the letter of intent expire without extension.

Ultimately, without foreclosing the possibility of a future business combination involving these potential targets, AlphaTime decided to engage in discussions with the potential targets other than HCYC in a less active fashion, because (i) such other potential targets pursued an alternative transaction or strategy, (ii) AlphaTime did not meet such potential targets’ valuation expectations, (iii) AlphaTime determined that the targets would not be a suitable business combination partner for AlphaTime based on, among other factors, further due diligence indicating that the targets’ business did not meet AlphaTime’s acquisition criteria or the terms on which the potential targets would be willing to consider a potential business combination transaction would not have been advantageous to AlphaTime and its shareholders, (iv) the targets’ public company readiness, including PCAOB audit, listing structure and other then ongoing steps necessary for listing are less certain based on AlphaTime’s understanding and/or (v) AlphaTime concluded that a business combination transaction with HCYC aligned with AlphaTime’s acquisition criteria and, among other things, HCYC was receptive to a valuation and consideration structure that would be advantageous to AlphaTime and its shareholders.

Timeline of the Business Combination

The following is a brief discussion of the background of these negotiations, the Merger Agreement, and the Business Combination.

| ● | On                                                                                                 
 January 4, 2023, AlphaTime consummated its initial public offering of 6,000,000 units at           
 a price of $10.00 per unit. Each unit consists of one ordinary share, one redeemable warrant       
 entitling the holder to purchase one ordinary share at a price of $11.50 per share, and one        
 right entitling the holder to receive one-tenth (1/10) of the one ordinary share upon consummation 
 of an initial business combination.                                                                |

| ● | On                                                                                  
 January 6, 2023, the underwriters of AlphaTime’s IPO exercised their over-allotment 
 option in full to purchase additional 900,000 units at a price of $10.00 per unit.  |

| ● | Prior                                                                                        
 to the consummation of the IPO, neither AlphaTime, nor anyone on its behalf contacted or     
 was contacted by any prospective target business or had