Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 31

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 31
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/prospectus, (ii) these disparate interests could exist with respect to a business combination with any target company, and (iii) the Business Combination was structured so that the Business Combination may be completed even if public shareholders redeem a substantial 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.

In addition to considering the factors described above, the AlphaTime Board also considered that the initial AlphaTime Shareholders, including AlphaTime directors and executive officers, have interests in the Business Combination as individuals that are in addition to, and that may be different from, the interests of AlphaTime Shareholders generally (see “ Interests of AlphaTime Directors and Officers in the Business Combination”). Newbridge Securities reviewed and considered these interests in its draft fairness opinion delivered to the AlphaTime Board and determined that as of the date of such opinion, and based on the assumptions, limitations, qualifications, conditions, and other matters set forth in the Merger Agreement and the Transaction Documents, the consideration to be issued for the Business Combination is fair to AlphaTime’s public shareholders. Newbridge reached an opinion regarding only the merger consideration and, although Newbridge may have considered the initial AlphaTime Shareholders’ interests, it did not reach a conclusion as to the fairness of those interests.

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.

Q: What is expected to happen in the Business Combination?

A: In accordance with the terms and subject to the conditions of the Merger Agreement, the parties to the Merger Agreement have agreed that, in connection with the Closing, the parties will undertake a series