Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 88

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 88
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 meeting certain financial targets. (4) Reflects 1,150,000 PubCo Ordinary Shares issued to PIPE investors and 2,300,000 PubCo Ordinary Shares issuable upon exercise of the Private Warrants. (5) Assumes that ATMC public shareholders holding approximately 417,436 ATMC Ordinary Shares subject to possible redemption will exercise their redemption rights upon consummation of the Business Combination at a redemption price of approximately $12.38 per share.

| 46 |

The following table illustrates the potential impact of redemptions on the per share value of the shares owned by non-redeeming AlphaTime shareholders as well as the effective underwriting fees at the following redemption levels, exclusive of the Dilutive Interests:

|                                              |     | Redemption Level 
 100%(2)          |     |   |     | 75% |      |   |     | 50% |      |   |     | 0% |       |   |
|:---------------------------------------------|:----|:-----------------|----:|:--|:----|:----|-----:|:--|:----|:----|-----:|:--|:----|:---|------:|:--|
| Implied value per public share - Pre-Closing |     | $                |   0 |   |     | $   | 1.47 |   |     | $   | 2.59 |   |     | $  |  4.21 |   |
| Implied Value per public share - Post        
 Closing(1)                                   |     | $                | n/a |   |     | $   | 0.39 |   |     | $   | 0.76 |   |     | $  |  1.42 |   |
| Impact of Underwriting Fees                  |     | $                | n/a |   |     | $   |  n/a |   |     | $   |  n/a |   |     | $  |  0.68 |   |
| Effective Underwriting Fee %                 |     |                  | n/a | % |     |     |  n/a | % |     |     |  n/a | % |     |    | 51.81 | % |

| (1) | Including Founder Shares,                                                                                                           
 shares which will be automatically issued upon the exchange of the Public Rights at Closing, Private Shares underlying the Private