Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1535

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1535
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 business combination more costly or difficult to conclude. This is because the shareholders of the target
business may increase the equity stake they seek in the combined entity or ask for more cash consideration to offset the negative impact
on the market price of our Ordinary Shares that is expected when the Ordinary Shares and Private Placement Units owned by our founders
or holders of our working capital units or their respective permitted transferees are registered.

In
order to complete our initial business combination, we may seek to further amend our Third Amended and Restated Memorandum and Articles
of Association, as amended, or other governing instruments, including our warrant agreement or rights agreement, in a manner that will
make it easier for us to complete our initial business combination but that our shareholders, warrant holders or rights holders may not
support.

In
order to complete a Business Combination, blank check companies have, in the recent past, amended various provisions of their charters
and governing instruments, including their warrant agreement and rights agreement. For example, blank check companies have amended the
definition of business combination, increased redemption thresholds, changed industry focus and, with respect to their Warrants and Rights,
amended their warrant agreements and rights agreements to require the Warrants and Rights, respectively, to be exchanged for cash and/or
other securities. We cannot assure you that we will not seek to amend our charter or other governing instruments or change our industry
focus in order to complete our initial business combination.

Our
founders paid an aggregate of $25,000 for the Founder Shares, or approximately $0.01 per founder share. As a result of this low initial
price, our founders stand to make a substantial profit even if an initial business combination subsequently declines in value or is unprofitable
for our public shareholders.

As
a result of the low acquisition cost of our Founder Shares, our founders could make a substantial profit even if we select and consummate
an initial business combination with an acquisition target that subsequently declines in value or is unprofitable for our public shareholders.
Thus, such parties may have more of an economic incentive for us to enter into an initial business combination with a riskier, weaker-performing
or financially unstable business, or an entity lacking an established record of revenues or earnings, than would be the case if such
parties had paid the full offering price for their Founder Shares.

We
may amend the terms of the Warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of
at least