Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 277

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 277
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 generate non-operating income in the form of interest income after the IPO. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended June 30, 2025, we had a net loss of $127,315, which consists of loss of $290,004 derived from formation and operating costs offset by income earned on investment held in Trust Account of $162,689.

For the six months ended June 30, 2025, we had a net loss of $9,346, which consists of loss of $473,406 derived from formation and operating costs offset by income earned on investment held in Trust Account of $464,060.

For the three months ended June 30, 2024, we had a net income of $385,370, which consists of loss of $290,467 derived from formation and operating costs offset by income earned on investment held in Trust Account of $675,837.

For the six months ended June 30, 2024, we had a net income of $827,635, which consists of loss of $635,370 derived from formation and operating costs offset by income earned on investment held in Trust Account of $1,463,005.

Liquidity and Capital Resources

On January 4, 2023, we consummated our IPO of 6,000,000 units (the “ Units”), at $10.00 per Unit, generating gross proceeds of $60,000,000. Simultaneously with the closing of our IPO, we consummated the sale of 370,500 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor, generating total gross proceeds of $3,705,000.

On January 6, 2023, and effective January 9, 2023, the underwriters in our IPO purchased an additional 900,000 Units to exercise its over-allotment option in full at a purchase price of $10.00 per Unit, generating gross proceeds of $9,000,000. Simultaneously with the closing of the full exercise of the over-allotment option, we completed the private sale of an aggregate of 38,700 Private Placement Units, at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds of $387,000. Transaction costs amounted to $4,