Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 223

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 223
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 by the ATMC Board. The decision to enter into the Business Combination Agreement was solely that of the ATMC Board. As described above, Newbridge’s opinion and analyses was only one of many factors considered by the ATMC Board in its evaluation of the Business Combination and should not be viewed as determinative of the views of the ATMC or HCYC’s management with respect to the Business Combination.

Fees and Expenses

As compensation for Newbridge’s services in connection with the rendering of its Opinion to the Board, ATMC agreed to pay Newbridge a fee of $150,000. $50,000 of the fee was paid as a retainer, $50,000 was paid upon delivery of the Opinion, and the remaining $50,000 is payable upon consummation of the Business Combination. No portion of Newbridge’s fee is refundable or contingent upon the conclusion reached in the Opinion.

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Unaudited Prospective Financial Information of HCYC

For purposes of evaluating HCYC’s financial condition and whether to proceed with the Business Combination, ATMC was provided with documents from HCYC, including projections for the fiscal years ending March 31, 2024 copies of material contracts, and summaries of various industry analysis and trends. Additionally, the ATMC Board reviewed and discussed with its financial advisor its analysis in rendering the fairness opinion described in the proxy statement/prospectus. In rendering its opinion on the fairness of the transaction, ATMC’s financial advisor, Newbridge Securities, reviewed the financial projections provided by HCYC.

Neither ATMC nor HCYC as a matter of course makes public projections as to future sales, earnings, or other results. However, HCYC management prepared the prospective financial information set forth below (the “ HCYC Management Projections”) to present to the ATMC Board in connection with its consideration of the potential Business Combination. As discussed in greater detail herein, the financial projections prepared by HCYC are based, in part, on assumptions regarding its ability to growth into new customer bases and derive revenues from new product applications. Accordingly, such projections may be of limited, if any, usefulness to investors, in evaluating the Business Combination and shareholders are strongly cautioned not to place undue reliance, if any, on the HCYC Management Projections and not to rely on such projections in making any decision regarding the Business Combination. However, ATMC is including these financial projections in this proxy statement/prospectus as such projections were considered by ATMC’s Board in