Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 87

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 87
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 The following table illustrates varying pro forma voting power and implied ownership levels in PubCo immediately following the consummation of the Business Combination based on the No Further Redemption Scenario, the 50% Redemption Scenario, the 75% Redemption Scenario and the 100% Redemption Scenario.

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The tables below are based on an aggregate of 3,282,556 ATMC Ordinary Shares and include (i) 417,436 ATMC Ordinary Shares held by public shareholders, (ii) 690,000 PubCo shares which will be automatically issued upon the exchange of the Public Rights at Closing, (iii) 409,200 Private Shares underlying the Private Units, (iv) 40,920 PubCo shares which will be automatically issued upon the exchange of the Private Rights at Closing, and (v) 1,725,000 ATMC Ordinary Shares held by the Sponsors and its affiliates. The tables below also give effect to the redemption by AlphaTime shareholders on December 28, 2023, of 2,160,774 AMTC Ordinary Shares, and on December 20, 2024, of 3,403,976 ATMC Ordinary Shares, respectively.

|                                                                                       |     | No                  
 Redemption Scenario |             |   |     | 50%                 
 Redemption Scenario |             |   |     | 75%                 
 Redemption Scenario |             |   |     | Maximum                 
 Redemption Scenario (1) |             |   |
|:--------------------------------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:--------------------|------------:|:--|:----|:--------------------|------------:|:--|:----|:------------------------|------------:|:--|
| Net                                                                                   
 tangible book value of AlphaTime as of June 30, 2025                                  |     | $                   |  10,165,683 |   |     | $                   |  10,165,683 |   |     | $                   |  10,165,683 |   |     | $                       |  10,165,683 |   |
| Decrease                                                                              
 in net tangible book value pursuant to business combination with HCYC                 |     |                     |    (580,549 | ) |     |                     |    (580,549 | ) |     |                     |    (580,549 | ) |     |                         |    (580,549 | ) |
| Increase                                                                              
 in net tangible book value for transaction financing proc