Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 86

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 86
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 to obtain the quotation, listing or trading of its securities on a national securities exchange after the completion of the Business Combination. The Sponsor or AlphaTime’s officers, directors, advisors or any of their respective affiliates anticipate that they may identify the shareholders with whom the Sponsor or AlphaTime’s officers, directors, advisors or any of their respective affiliates may pursue privately negotiated purchases by either the shareholders contacting us directly or by AlphaTime’s receipt of redemption requests submitted by shareholders following our mailing of proxy materials in connection with the Business Combination. To the extent that the Sponsor or AlphaTime’s officers, directors, advisors or any of their respective affiliates enter into a private purchase, they would identify and contact only potential selling shareholders who have expressed their election to redeem their shares for a pro rata share of the Trust Account or vote against the Business Combination. The Sponsor or AlphaTime’s officers, directors, advisors or any of their respective affiliates will only purchase shares if such purchases comply with Regulation M under the Exchange Act and the other federal securities laws. Any purchases by the Sponsor or AlphaTime’s officers, directors, advisors or any of their respective affiliates who are affiliated purchasers under Rule 10b-18 under the Exchange Act will only be made to the extent such purchases are able to be made in compliance with Rule 10b-18, which is a safe harbor from liability for manipulation under Section 9(a)(2) of and Rule 10b-5 under the Exchange Act. Rule 10b-18 has certain technical requirements that must be complied with in order for the safe harbor to be available to the purchaser. The Sponsor and AlphaTime’s officers, directors, advisors and any of their respective affiliates will not make purchases of AlphaTime Share if the purchases would violate Section 9(a)(2) of or Rule 10b-5 under the Exchange Act. Anticipated Accounting Treatment The Business Combination will be treated as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, AlphaTime will be treated as the “acquired” company for financial reporting purposes, and HCYC will be determined to be the accounting acquirer. Accordingly, the Business Combination will be treated as the equivalent of HCYC issuing shares for the net assets of AlphaTime, accompanied by a recapitalization. The net assets of AlphaTime will be stated at historical cost, with no goodwill or other intangible assets recorded. Voting Power, Implied Ownership and Implied Share Values of PubCo Upon Consummation of the Business Combination