Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 136

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 136
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0(c)(3)(D), AlphaTime has been provided a compliance period of 180 calendar days from receipt of letters, or until the Compliance Period to regain compliance with the Minimum Market Value of Listed Securities Requirement. To regain compliance with the Minimum Market Value of Listed Securities Requirement, AlphaTime’s MVLS must close at $50 million or more for a minimum of 10 consecutive business days during the Compliance Period.

On July 9, 2025, the Company
received a letter from Nasdaq stating that the Company regained compliance with the listing requirements since the Staff approved the
Company to transfer from the Nasdaq Global Market to the Nasdaq Capital Market. As such, the non-compliance matters are now closed.

There can be no assurance that AlphaTime will be in compliance with applicable Nasdaq listing rules. If Nasdaq delists any of our securities from trading on its exchange, and we are not able to list our securities on another national securities exchange, we expect such securities could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse consequences, including:

| ● | a                                                                                                                                
 limited availability of market quotations for our securities;                                                                    |
| ● | reduced                                                                                                                          
 liquidity for our securities;                                                                                                    |
| ● | a                                                                                                                                
 determination that our ordinary shares are a “penny stock” which will require brokers trading in our ordinary shares             
 to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for 
 our securities;                                                                                                                  |
| ● | a                                                                                                                                
 limited amount of news and analyst coverage; and                                                                                 |
| ● | a                                                                                                                                
 decreased ability to issue additional securities or obtain additional financing in the future.                                   |

The National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as “covered securities.” Because our securities are listed on Nasdaq, our securities qualify as covered securities under the statute. Although the states are preempted from regulating the sale of covered securities, the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities issued by blank check companies, certain state securities regulators view blank check companies unfavorably and might use these