Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 258

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 258
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 notice to the trustee prior to the applicable Termination Date, or extended date, and depositing into the Trust Account $55,000 for each monthly extension until January 4, 2025 in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation of a business combination. In connection with the shareholders’ vote at the meeting, 2,160,774 ordinary shares of the Company exercised their right to redeem such shares for a pro rata portion of the funds held in the Trust Account. As a result, approximately $23,302,146 (approximately $10.78 per share) was removed from the Trust Account to pay such holders and approximately $51,252,520.84 remains in the Trust Account. Following the aforementioned redemptions, AlphaTime has 6,873,426 ordinary shares outstanding.

As
approved by the shareholders of AlphaTime, by ordinary resolution, at an extraordinary general meeting of shareholders held on December
20, 2024, the Company adopted an amendment to the Existing AlphaTime Articles reflecting the extension of the date by which the Company
must consummate a business combination from January 4, 2025 up to nine (9) times, each comprised of one month each up to October 4, 2025.
The Company also entered into the Second Trust Agreement Amendment, pursuant to which the Company has extended the date by which it has
to complete a business combination from the Termination Date up to nine (9) times, each comprised of one month each from the termination
date, or extended date, as applicable, to October 4, 2025 by providing five days’ advance notice to the trustee prior to the applicable
termination date, or extended date, and depositing into the Trust Account an extension payment of $55,000 until October 4, 2025 (assuming
a business combination has not occurred) in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation
of a business combination. In connection with the shareholders’ vote at the Second Meeting, the Second Redemption resulted in holders
of 3,403,976 ATMC Ordinary Shares of the Company exercising their right to redeem such shares for a pro rata portion of the funds held
in the Trust Account. As a result, approximately $38,852,320.60 (approximately $11.41 per share) was removed from the Trust Account to
pay such holders and approximately $15,240,