Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1530

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1530
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, the federal statute does allow the states to investigate
companies if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the
sale of covered securities in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the
sale of securities issued by blank check companies, other than the State of Idaho, certain state securities regulators view blank check
companies unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies
in their states. Further, if we were no longer listed on NASDAQ, our securities would not be covered securities and we would be subject
to regulation in each state in which we offer our securities.

We
are not registering the Ordinary Shares issuable upon exercise of the Warrants under the Securities Act or any state securities laws
at this time, and such registration may not be in place when an investor desires to exercise the Warrants, thus precluding such investor
from being able to exercise its Warrants except on a cashless basis and potentially causing such Warrants to expire worthless.

We
are not registering the Ordinary Shares issuable upon exercise of the Warrants under the Securities Act or any state securities laws
at this time. However, under the terms of the warrant agreement, have agreed that as soon as practicable, but in no event later than
30 business days after the closing of our initial business combination, we will use our commercially reasonable efforts to file, and
within 60 business days following our initial business combination to have declared effective, a registration statement under the Securities
Act covering such shares and maintain a current prospectus relating to the Ordinary Shares issuable upon exercise of the Warrants, until
the expiration of the Warrants in accordance with the provisions of the warrant agreement. We cannot assure you that we will be able
to do so if, for example, any facts or events arise which represent a fundamental change in the information set forth in the registration
statement or prospectus, the financial statements contained or incorporated by reference therein are not current or correct or the SEC
issues a stop order. If the shares issuable upon exercise of the Warrants are not registered under the Securities Act, we will be required
to permit holders to exercise their Warrants on a cashless basis. However, no Warrant will be exercisable for cash or on a cashless basis,
and we will not be obligated to issue any shares