Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1606

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1606
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liest to occur of: (i) the completion of our primary business objective, which is a Business Combination; (ii) the redemption of any
Public Shares properly submitted in connection with a shareholder vote to amend our Third Amended and Restated Memorandum and Articles
of Association, as amended, to modify (A) the substance or timing of our obligation to allow redemption in connection with our initial
business combination or to redeem 100% of our Public Shares if we do not complete our initial business combination within 24 months from
the closing of our Initial Public Offering, or if we decide to extend the period of time to consummate our Business Combination, within
33 months from the closing of our Initial Public Offering (as further described in this Form 10-K) or (B) with respect to any other provision
relating to shareholders’ rights or pre-initial business combination activity; or (iii) absent a Business Combination, our return
of the funds held in the Trust Account to our public shareholders as part of our redemption of the Public Shares. If we do not invest
the proceeds as discussed above, we may be deemed to be subject to the Investment Company Act. If we were deemed to be subject to the
Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have not allotted
funds and may hinder our ability to complete a Business Combination. If we are unable to complete our initial business combination, our
public shareholders may receive only approximately $10.18 per share 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 on the redemption of
their shares. 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.

Compliance
obligations under the Sarbanes-Oxley Act may make it more difficult for us to complete our initial business combination, require substantial
financial and management resources, and increase the time and costs of completing an acquisition.

Section
404 of the Sarbanes-Oxley Act requires that we evaluate and report on our system of internal controls beginning with our Annual Report
on Form 10-K for the year ending December 31, 2024. Only in the event we are deemed to be a large accelerated fil