Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1501

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1501
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the section of this Form 10-K titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Our plans to raise capital and to consummate our initial business combination may not be successful. These factors, among others, raise
substantial doubt about our ability to continue as a going concern. The financial statements contained elsewhere in this Form 10-K do
not include any adjustments that might result from our inability to consummate our Initial Public Offering or our inability to continue
as a going concern.

Our
public shareholders may not be afforded an opportunity to vote on our proposed business combination, which means we may complete our
initial business combination even though a majority of our public shareholders do not support such a combination.

We
may not hold a shareholder vote to approve our initial business combination unless the business combination would require shareholder
approval under applicable law or stock exchange listing requirements or if we decide to hold a shareholder vote for business or other
legal reasons. Except as required by law, the decision as to whether we will seek shareholder approval of a proposed business combination
or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based
on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would otherwise require us to
seek shareholder approval. Accordingly, we may complete our initial business combination even if holders of a majority of our Public
Shares do not approve of the business combination we complete.

If
we seek shareholder approval of our initial business combination, our Initial Shareholders have agreed to vote in favor of such initial
business combination, regardless of how our public shareholders vote.

Unlike
many other blank check companies in which the Initial Shareholders agree to vote their Founder Shares in accordance with the majority
of the votes cast by the public shareholders in connection with an initial business combination, our Initial Shareholders have agreed
to vote their Founder Shares and private shares, as well as any Public Shares purchased during or after our Initial Public Offering,
in favor of our initial business combination.

As
a result, in addition to our Initial Shareholders’ Founder Shares, we do not need any of the 3,469,450 Public Shares sold in our
Initial Public Offering to be voted in favor of an initial business combination in order to have our initial business combination approved
(assuming all outstanding shares are voted). Our Founder Shares and private shares will represent 61.5% of our outstanding Ordinary Shares
following the completion of