Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 131

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 131
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 as a result of AlphaTime’s failure to complete a business combination.

AlphaTime’s independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about AlphaTime’s ability continue as a “going concern.”

As of June 30, 2025, the Company had a cash balance of $1,329. Further, AlphaTime has incurred and expect to continue to incur significant costs as a public company (for legal, financial reporting, accounting and auditing compliance), as well as expenses in connection with its proposed initial business combination with HCYC. AlphaTime cannot assure you that any efforts to raise capital (if required) or to consummate an initial business combination (including the proposed Business Combination with HCYC) will be successful. These factors, among others, raise substantial doubt about AlphaTime’s ability to continue as a going concern. The consolidated financial statement contained elsewhere in this proxy statement/prospectus do not include any adjustments that might result from AlphaTime’s inability to continue as a going concern.

You must tender your ordinary shares in order to validly seek redemption at the Extraordinary General Meeting.

In connection with tendering your shares for redemption, you must elect either to physically tender your share certificates to Equiniti or to deliver your ordinary shares to Equiniti electronically using DTC’s DWAC (Deposit/Withdrawal at Custodian) System, in each case at least two business days before the Extraordinary General Meeting. The requirement for physical or electronic delivery ensures that a redeeming holder’s election to redeem is irrevocable once the Business Combination is consummated. Any failure to observe these procedures will result in your loss of redemption rights in connection with the vote on the Business Combination.

If third parties bring claims against AlphaTime, the proceeds held in trust could be reduced and the per-share liquidation price received by AlphaTime Shareholders may be less than US$10.18.

Our placing of funds in the trust account may not protect those funds from third-party claims against us. Although we will seek to have all vendors, service providers, prospective target businesses or other entities with which we do business execute agreements with us waiving any right, title, interest or claim of any kind in or to any monies held in the trust account for the benefit of our public shareholders, such parties may not execute such agreements, or even if they execute such agreements they may not be prevented from bringing claims against the trust account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility