Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 351

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 351
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 Provisions                                                                                                                            |     |                                                                                                                                                |
| Without                                                                                                                               
 prejudice to any special rights previously conferred on the holders of any existing Preferred Shares, any Preferred Shares may be     
 issued with such preferred, deferred or other special rights or such restrictions, whether in regard to dividend, voting or otherwise 
 as determined by resolutions of directors.                                                                                            |     | The                                                                                                                                            
 provision of the Amended PubCo Articles authorizes the board of directors to issue and set the voting and other rights of preferred            
 shares from time to time in their absolute discretion and without approval of the members.                                                     |

| 198 |

<div align='center'>SHARES ELIGIBLE FOR FUTURE SALE</div>

Upon the consummation of the Business Combination, PubCo will have, based on the assumptions set out elsewhere in this proxy statement/prospectus, up to 12,025,479 PubCo Ordinary Shares issued and outstanding. All of the PubCo Ordinary Shares issued to the AlphaTime Shareholders in connection with the Business Combination will be freely transferable by persons other than by Sponsor or AlphaTime’s, PubCo’s or HCYC’s affiliates without restriction or further registration under the Securities Act. Additionally, the HCYC shareholders will receive 7,592,923 PubCo Ordinary Shares, approximately 1,138,938 Ordinary Shares, or 15% of which will be freely transferable immediately after the consummation of the Business Combination. Sales of substantial amounts of the PubCo Ordinary Shares in the public market could adversely affect prevailing market prices of the PubCo Ordinary Shares. Prior to the Business Combination, there has been no public market for PubCo Ordinary Shares. PubCo has applied for listing of the PubCo Ordinary Shares on Nasdaq, but there can be no assurance that a regular trading market will develop in the PubCo Ordinary Shares.

Lock-up Agreements

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