Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 149

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 149
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$51,712,221 remained in the Trust Account. Following the Redemption, the Company had 6,873,426 Ordinary Shares outstanding.

At
an extraordinary general meeting of shareholders held on December 20, 2024 (the “Second Meeting”), the Company adopted an
amendment to the Third Amended and Restated Memorandum and Articles of Association (the “Amendment”) reflecting the extension
of the date by which the Company must consummate a business combination from January 4, 2025 (the “Termination Date”) up
to nine (9) times, each comprised of one month each (each an “Extension”) up to October 4, 2025 (i.e., for a period of time
ending up to 33 months after the consummation of its Initial Public Offering for a total of nine (9) months after the Termination Date
(assuming a business combination has not occurred). The Company also entered into an amendment (the “Second Trust Agreement Amendment”)
to the Trust Agreement. Pursuant to the Second Trust Agreement Amendment, the Company has extended the date by which it has to complete
a business combination from the Termination Date up to nine (9) times, each comprised of one month each from the Termination Date, or
extended date, as applicable, to October 4, 2025 by providing five days’ advance notice to the trustee prior to the applicable
Termination Date, or extended date, and depositing into the Trust Account an Extension Payment of $55,000 until October 4, 2025 (assuming
a business combination has not occurred) in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation
of a business combination.

In
connection with the shareholders’ vote at the Second Meeting, holders of 3,403,976 Ordinary Shares of the Company exercised their
right to redeem such shares (the “Second Redemption”) for a pro rata portion of the funds held in the Trust Account. As a
result, approximately $38,852,320.60 (approximately $11.41 per share) was removed from the Trust Account to pay such holders and approximately
$15,240,284 remained in the Trust Account. Following the aforementioned Second Redemption, the Company had 3,469,450 Ordinary Shares outstanding.

On
January 5, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) by