Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 64

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 64
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 the warrant to be exercised as specified in such applicable notice of exercise (the “Alternate Cashless Exercise”). The warrant contains a reset provision such that on the Reset Date (as defined in the warrant) (i) the exercise price for the warrants shall be adjusted to the 20% of the Nasdaq Minimum Price of HCYC Holding Company’s Ordinary Shares, and (ii) the number of Ordinary Shares underlying the warrants issuable immediately prior to such reset shall be adjusted to the number of Ordinary Shares determined by multiplying the initial exercise price by the number of such underlying shares immediately prior to such reset and dividing the product thereof by the exercise price resulting from such reset.

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The closing of the purchase of the securities are subject to certain conditions that must be satisfied by HCYC Holding Company, including (i) execution of a registration rights agreement including terms and conditions customary to registration rights agreements of this kind, (ii) issuance of warrants registered in the name of each investor, (iii) delivery of the securities to be held by the escrow agent pursuant to an escrow agreement. HCYC Holding Company will use the net proceeds from the sale of the securities for working capital and general corporate purposes after the consummation of the Business Combination, and shall not use such proceeds: (a) for the satisfaction of any portion of the company’s debt (other than in the ordinary course of business and prior practices), (b) for the redemption of any Ordinary Shares or Ordinary Share Equivalents, (c) for the settlement of any outstanding litigation or (d) in violation of U.S. Foreign Corrupt Practices Act (FCPA) or Office of Foreign Assets Control (OFAC) regulations. HCYC Holding Company has agreed to reserve sufficient Ordinary Shares for issuance upon exercise of the warrants and conversion rights pursuant to the Purchase Agreement. The Purchase Agreement may be terminated by the investors if the consummation of the Business Combination has not been consummated on the fifth (5 th) Trading Day following the date of its execution. HCYC Holding Company is responsible for all fees in connection with the transaction, which fees shall not exceed $100,000. Registration Rights Agreement In conjunction with the Purchase Agreement, HCYC Holding Company and the investors entered into registration rights agreement on August 14, 2025 (the “HCYC RRA”), which was intended to be amended and restated on September 14, 2025 by the registration rights agreement between AlphaTime and the investors party thereto (the