Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 154

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 154
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 identified all material issues, and certain unexpected risks may arise and previously known
risks may materialize in a manner not consistent with our preliminary risk analysis. Additionally, the scope of due diligence AlphaTime
has conducted in conjunction with the Business Combination may be different than would typically be conducted in the event HCYC pursued
an underwritten initial public offering. In a typical initial public offering, the underwriters of the offering conduct due diligence
on the company to be taken public, and following the offering, the underwriters are subject to liability to private investors for any
material misstatements or omissions in the Registration Statement. While potential investors in an initial public offering typically
have a private right of action against the underwriters of the offering for any such material misstatements or omissions, there are no
underwriters of the securities of HCYC that will be issued in connection with the Business Combination and thus no corresponding right
of action is available to investors in the Business Combination, for any material misstatements or omissions in the proxy statement/prospectus
or the Registration Statement. Therefore, as an investor in the Business Combination, you may be exposed to future losses, impairment
charges, write-downs, write-offs or other charges that could have a significant negative effect on HCYC’s financial condition,
results of operations and the share price of its securities, which could cause you to lose some or all of your investment without certain
recourse against any underwriter that may be available in an underwritten public offering.

Becoming a public company through a merger rather than an underwritten offering presents risks to unaffiliated investors. Subsequent to the completion of the Business Combination, PubCo may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on its financial condition, results of operations and the price of PubCo Ordinary Shares, which could cause holders of PubCo Ordinary Shares to lose some or all of their investment.

Becoming a public company through a merger rather
than an underwritten offering, as HCYC is seeking to do, presents risks to unaffiliated investors. Such risks include the absence of
a due diligence investigation conducted by an underwriter that would be subject to liability for any material misstatements or omissions
in a registration statement. As a result, PubCo may be forced to later write down or write off assets, restructure its operations, or
incur impairment or other charges that could result in it reporting losses