Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 46

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 46
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 that the waiver of the corporate opportunity doctrine in the Existing AlphaTime Articles currently in effect interfered with its ability to identify an acquisition target.

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Q: Who will be the officers and directors of PubCo if the Business Combination is consummated?

A: It is anticipated that, at the Closing, PubCo’s board of directors will be composed of four directors, being Shen Hsu Ming, Raymond (Yong) Xia, Li Peng Hsin (Darren),and Lei Yiyi.PubCo’s executive management team will be led by the current management of HCYC. See the section entitled “ Management of PubCo Following the Business Combination” for additional information.

Q: I am a AlphaTime shareholder. Do I have redemption rights?

A: Yes. Pursuant to the Existing AlphaTime Articles currently in effect, in connection with any proposal to extend the time period to complete the Business Combination, holders of ATMC Ordinary Shares (other than the Sponsor or an officer or director of AlphaTime) may elect to have all or portion of their shares redeemed for cash at the applicable redemption price per share calculated in accordance with the Existing AlphaTime Articles currently in effect. For illustrative purposes, as of August 15, 2025, this would have amounted to approximately $11.93 per share less any owed but unpaid taxes on the funds in the Trust Account. There are currently no owed but unpaid income taxes on the funds in the Trust Account. However, the proceeds deposited in the Trust Account could become subject to the claims of AlphaTime’s creditors, if any, which would have priority over the claims of AlphaTime shareholders. Therefore, the per share distribution from the Trust Account in such a situation may be less than originally expected due to such claims. It is expected that the funds to be distributed to AlphaTime shareholders electing to redeem their shares will be distributed promptly after the consummation of the Business Combination.

Holders of Public Units must elect to separate the units into the underlying public shares and warrants prior to exercising redemption rights with respect to the public shares. If holders hold their Public Units in an account at a brokerage firm or bank, holders must notify their broker or bank that they elect to separate the units into the underlying public shares and warrants, or if a holder holds units registered in its own name, the holder must contact Equiniti, AlphaTime’s transfer agent, directly and instruct it to do so.

If a holder exercises its redemption rights, then such holder will be exchanging its ATMC Ordinary