Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1508

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1508
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 to COVID-19 restrict travel, limit the ability to have meeting with potential investors or
the target company’s personnel, vendors and services providers are unavailable to negotiate and consummate a transaction in a timely
manner. Additionally, COVID-19 or other global pandemics may negatively impact businesses we may seek to acquire. If we have not completed
our initial business combination within such time period, we will: (i) cease all operations except for the purpose of winding up, (ii)
as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by
the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders
(including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining shareholders and our Board, dissolve and liquidate, subject
in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. In such case, our public shareholders may only receive $10.18 per share or less in certain circumstances, and our Warrants and our
Rights will expire worthless. In certain circumstances, our public shareholders may receive less than $10.18 per share on the redemption
of their shares. See “— If third parties bring claims against us, the proceeds held in the Trust Account could be reduced
and the per-share redemption amount received by shareholders may be less than $10.18 per share” and other risk factors in this
section.

If
we seek shareholder approval of our initial business combination, our founders and their affiliates may elect to purchase Ordinary Shares,
Warrants, or Rights from public shareholders, which may influence a vote on a proposed business combination and reduce the public “float”
of our Ordinary Shares, Warrants, or Rights.

If
we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our Business Combination
pursuant to the tender offer rules, our founders or their affiliates may purchase Ordinary Shares, Warrants, or Rights, or a combination
thereof, in privately negotiated