Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 949

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 949
---
italizations) for any 20 trading days within any 30-trading day period commencing after our initial business
    combination and the remaining 50% of the Founder Shares and Private Placement Units (and underlying securities) may not be transferred,
    assigned or sold until six months after the date of the consummation of our initial business combination, or earlier, in either case,
    if, subsequent to our initial business combination, we consummate a subsequent liquidation, merger, stock exchange or other similar
    transaction which results in all of our shareholders having the right to exchange their shares for cash, securities or other property.
    Since members of our management may directly or indirectly own Ordinary Shares, Warrants and Rights, our officers and directors may
    have a conflict of interest in determining whether a particular target business is an appropriate business with which to complete
    our initial business combination.

    ●
    Our
    officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention
    or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect
    to our initial business combination.

    ●
    Our
    founders may have a conflict of interest with respect to evaluating a Business Combination and financing arrangements as we may obtain
    loans from our founders or an affiliate of our founders to finance transaction costs in connection with an intended initial business
    combination. Up to $500,000 of such loans may be convertible into working capital units at a price of $10.00 per unit at the option
    of the lender. Such working capital units would be identical to the Private Placement Units sold in the private placement.

The
conflicts described above may not be resolved in our favor.

82

In
general, officers and directors of a corporation incorporated under the laws of Cayman Islands are required to present business opportunities
to a corporation if:

    ●
    the
    corporation could financially undertake the opportunity;

    ●
    the
    opportunity is within the corporation’s line of business; and

    ●
    it
    would not be fair to our company and its shareholders for the opportunity not to be brought to the attention of the corporation.

Accordingly,
as a result of multiple business affiliations, our officers and directors may have similar legal obligations relating to presenting business
opportunities meeting the above-listed criteria to multiple entities. Furthermore, our Third Amended and Restated Memorandum and Articles
of