Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1730

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1730
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 founders or their affiliates make any working capital loans, up to $300,000
of such loans may be converted into working capital units, at the price of $10.00 per unit at the option of the lender. Such working
capital units would be identical to the Private Placement Units sold in the private placement.

To
the extent we issue Ordinary Shares to complete a Business Combination, the potential for the issuance of a substantial number of additional
Ordinary Shares upon exercise of these Warrants and conversion rights of up to $500,000 working capital loans could make us a less attractive
acquisition vehicle to a target business. Any such issuance will increase the number of issued and outstanding Ordinary Shares and reduce
the value of the Ordinary Shares issued to complete the business combination. Therefore, our Private Placement Units and Founder Shares
may make it more difficult to complete a Business Combination or increase the cost of acquiring the target business.

A
provision of our warrant agreement may make it more difficult for use to consummate an initial business combination.

Unlike
most blank check companies, if

    (i)
    we
    issue additional Ordinary Shares or equity-linked securities for capital raising purposes in connection with the closing of our initial
    business combination at a Newly Issued Price of less than $9.50 per share;

    (ii)
    the
    aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available
    for the funding of our initial business combination on the date of the consummation of our initial business combination (net of redemptions),
    and

    (iii)
    the
    Market Value is below $9.50 per share, then
the exercise price of the Warrants will be adjusted to be equal to 115% of the greater of the Market Value and the Newly Issued Price,
and the $16.50 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 165% of the Market Value and
the Newly Issued Price. This may make it more difficult for us to consummate an initial business combination with a target business.

We
may amend the terms of the Rights in a manner that may be adverse to holders of public rights with the approval by the holders of at
least 50% of the then outstanding public rights. 

Our
Rights will be issued in registered form under a rights agreement and between Equiniti Trust Company, LLC as rights agent, and