Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 690

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 690
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 the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect
to registration statements filed subsequent to our completion the Company’s initial business combination. The Company will bear
the expenses incurred in connection with the filing of any such registration statements.

No
compensation of any kind, including finder’s and consulting fees, will be paid by the company to our Sponsor, executive officers
and directors, or any of their respective affiliates, for services rendered prior to or in connection with the completion of an initial
business combination. However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities
on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit
committee will review on a quarterly basis all payments that were made
to our Sponsor, officers, directors or our or their affiliates.

Our
Sponsor, under which the Sponsor may loan us funds up to $300,000 for a portion of the expenses of our IPO. As of December 31, 2024,
there were no borrowings outstanding under the promissory note. These loans would be non-interest bearing, unsecured and are due at the
earlier of December 31, 2024.

In
addition, in order to finance transaction costs in connection with an intended initial business combination, our Sponsor or an affiliate
of our Sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required on a non-interest
basis. If we complete an initial business combination, we would repay such loaned amounts. In the event that the initial business combination
does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds
from our Trust Account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants of the post
business combination entity at a price of  $1.00 per warrant at the option of the lender. Except as set forth above, the terms
of such loans, if any, have not been determined and no written agreements

Policy
for Approval of Related Party Transactions

The
audit committee of our board of directors adopted a policy setting forth the policies and procedures for its review and approval or ratification
of “related party transactions.” A “related party transaction” is any consummated or proposed transaction or
series of transactions: (i