Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 281

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 281
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 of time ending up to 24 months after the consummation of its IPO) 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 meeting on December 28, 2023, 2,160,774 ATMC Ordinary Shares of the Company exercised their right to redeem such shares for a pro rata portion of the funds held in the Trust Account. As a result, approximately $23,302,146 (approximately $10.78 per share) has been removed from the Trust Account to pay such holders and approximately $51,712,221 remained in the Trust Account. Following the redemptions, the Company has 6,873,426 ATMC 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 Existing AlphaTime Articles reflecting the extension of the date by which the Company must consummate a business combination from the January 4, 2025 up to nine (9) times, each comprised of one month each up to October 4, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its IPO for a total of nine (9) months after the January 4, 2025 (assuming a business combination has not occurred). The Company also entered into a second amendment to the investment management trust agreement, initially dated December 30, 2022, between AlphaTime and American Stock Transfer & Trust Company (the “ Second Trust Agreement Amendment”). Pursuant to the Second Trust Agreement Amendment, the Company has extended the date by which it has to complete a business combination from the January 4, 2025 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 ATMC Ordinary Shares of the Company exercised their right to redeem such