Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1513

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1513
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 resources. This inherent competitive limitation gives others an advantage in pursuing the acquisition of certain target businesses.

Furthermore,
because we are obligated to pay cash for the Ordinary Shares which our public shareholders redeem in connection with our initial business
combination, target companies will be aware that this may reduce the resources available to us for our initial business combination.
This may place us at a competitive disadvantage in successfully negotiating a Business Combination. If we are unable to complete our
initial business combination, our public shareholders may receive only approximately $10.18 per share, or less in certain circumstances,
on the liquidation of our Trust Account and our Warrants and Rights will expire worthless. In certain circumstances, our public shareholders
may receive less than $10.18 per share upon our liquidation. See “— If third parties bring claims against us, the proceeds
held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than $10.18 per share”
and other risk factors in this section.

17

If
the net proceeds of our Initial Public Offering and the sale of the Private Placement Units not being held in the Trust Account are insufficient
to allow us to operate for at least the next 24 months from the closing of our Initial Public Offering, or if we decide to extend the
period of time to consummate our Business Combination, the next 33 months from the closing of our Initial Public Offering (as further
described in our Registration Statement), we may be unable to complete our initial business combination, in which case our public shareholders
may only receive $10.18 per share, or less than such amount in certain circumstances, and our Warrants and Rights will expire worthless.

The
funds available to us outside of the Trust Account may not be sufficient to allow us to operate for at least the next 24 months from
the closing of our Initial Public Offering, or if we decide to extend the period of time to consummate our Business Combination, the
next 33 months from the closing of our Initial Public Offering (as further described in our Registration Statement), assuming that our
initial business combination is not completed during that time. We believe that, upon the closing of our Initial Public Offering, the
funds available to us outside of the Trust Account will be sufficient to allow us to operate for at least the next 24 months from the
closing of our Initial Public Offering, or if we decide to extend the period of time to consummate our Business Combination, the next
33 months from