Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1514

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1514
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 the closing of our Initial Public Offering (as further described in our Registration Statement); however, we cannot assure
you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds available to us to pay fees to consultants
to assist us with our search for a target business. We could also use a portion of the funds as a down payment or to fund a “no-shop”
provision (a provision in letters of intent or merger agreements designed to keep target businesses from “shopping” around
for transactions with other companies on terms more favorable to such target businesses) with respect to a particular proposed business
combination, although we do not have any current intention to do so. If we entered into a letter of intent or merger agreement where
we paid for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as
a result of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect
to, a target business. If we are unable to complete our initial business combination, our public shareholders may receive only approximately
$10.18 per share or less in certain circumstances on the liquidation of our Trust Account and our Warrants and Rights will expire worthless.
In certain circumstances, our public shareholders may receive less than $10.18 per share upon our liquidation. 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
the net proceeds of our Initial Public Offering and the sale of the Private Placement Units not being held in the Trust Account are insufficient,
it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination
and we will depend on loans from our founders or management team to fund our search for a Business Combination, to pay our taxes and
to complete our initial business combination. If we are unable to obtain these loans, we may be unable to complete our initial business
combination.

Of
the net proceeds of our Initial Public Offering and the sale of the Private Placement Units, only approximately $600,000 will be available
to us initially outside the Trust Account to fund our working capital requirements. In the event that our offering expenses exceed our
estimate of $525,000 (excluding deferred underwriting discount), we may fund such