Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 244

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 244
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(3) Reflects 409,200 Private
Shares underlying the Private Units, 40,920 PubCo Ordinary Shares which will be automatically issued upon the exchange of the Private
Rights at Closing, and 1,725,000 ATMC Ordinary Shares held by the Sponsors and its affiliates.

(4) Reflects 7,592,923
PubCo Ordinary Shares held by HCYC shareholders.

(5) Reflects 1,150,000 Pubco Ordinary Shares issued to PIPE investors.

(6) Assumes that ATMC public
shareholders holding approximately 417,436 ATMC Ordinary Shares subject to possible redemption will exercise their redemption
rights upon consummation of the Business Combination at a redemption price of approximately $12.38 per share.

The
following table presents pro forma voting power and implied ownership of PubCo inclusive of the Dilutive Interests. The following table
assumes (i) the Dilutive Interests have been fully exercised and/or vested, (ii) any conditions to the issuance of such Dilutive Interests
have been fully satisfied, and (iii) such Dilutive Interests were issued in connection with the consummation of the Business Combination,
such that the voting power and implied ownership of PubCo immediately following the consummation of the Business Combination is as follows:

|                             |     | No Further Redemption Scenario |            |     |                                        |     |     | 50% Redemption Scenario |            |     |                                        |     |     | 75% Redemption Scenario |            |     |                                        |     |     | 100% Redemption Scenario(5) |            |     |                                        |    |
|                             |     | PubCo                          
 Ordinary Shares                |            |     | Voting Power and Implied Ownership (%) |     |     | PubCo                   
 Ordinary Shares         |            |     | Voting Power and Implied Ownership (%) |     |     | PubCo                   
 Ordinary Shares         |            |     | Voting Power and Implied Ownership (%) |     |     | PubCo                       
 Ordinary Shares             |            |     | Voting Power and Implied Ownership (%) |    |
| Public Shareholders(1)      |     |                                |  8,007,436 |     |                                        |  35 |     |                         |  7,798,718 |     |                                        |  34 |     |                         |  7,694,359 |     |                                        |  34 |     |                             |  7,590,