Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 61

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 61
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holders will vote against (or act by written consent against) any alternative proposals or actions that would impede, interfere with, delay, postpone or adversely affect the Merger or any of the Mergers. First Amendment to the Merger Agreement On July 3, 2024, the Parties informed their respective counsel that they desired to amend the Merger Agreement to increase the amount of PIPE Investment Procured by Company (as defined the Merger Agreement). Accordingly, on August 19, 2024, the parties to the Merger Agreement entered into that certain First Amendment to Agreement and Plan of Merger (the “ Amendment”), pursuant to which, among other things, the parties agreed to increase the PIPE Investment Procured by Company (as defined in the Merger Agreement) to $9,000,000. The proceeds of the PIPE Investment Procured by Company will be used to pay transaction expenses of the SPAC, the Sponsor and the Company and for general working capital purposes. Lock-up Agreement HCYC has agreed to cause substantial shareholders of HCYC to enter into a lock-up agreement for a period of 180 days after the consummation of the Business Combination, not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any of the lock-up shares, enter into a transaction that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of such lock-up securities, whether any of these transactions are to be settled by delivery of any such lock-up shares, in cash or otherwise, publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement, or engage in any short sales with respect to any security of PubCo. The lock-up agreement shall contain an early release mechanism where 5% of the lock-up shares shall be released prior to the expiration of the 180-day period if certain conditions are met. Merger Consideration In accordance with the terms and subject to the conditions of the Merger Agreement, (i) each issued and outstanding ordinary share of HCYC will be cancelled and exchanged for the right to receive such number of PubCo Ordinary Shares (as defined in the Merger Agreement) equal to the Exchange Ratio (as defined in the Merger Agreement)and (ii) each Company Dissenting Share (as defined in the Merger Agreement) will represent only the right to receive