Company: ATMCW
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001493152-25-024097
Chunk: 32

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 32
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 until the completion of our initial business combination. We will generate
non-operating income in the form of interest income after the IPO. We expect to incur increased expenses as a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For
the three months ended September 30, 2025, we had a net income of $165,713, which consists of income of $1,227 derived from formation
and operating costs offset by income earned on investment held in Trust Account of $164,486.

For
the nine months ended September 30, 2025, we had a net income of $156,367, which consists of loss of $472,179 derived from formation
and operating costs offset by income earned on investment held in Trust Account of $628,546.

For
the three months ended September 30, 2024, we had a net income of $404,367, which consists of loss of $280,163 derived from formation
and operating costs offset by income earned on investment held in Trust Account of $684,530.

For
the nine months ended September 30, 2024, we had a net income of $1,232,002, which consists of loss of $915,533 derived from formation
and operating costs offset by income earned on investment held in Trust Account of $2,147,535.

1

Liquidity
and Capital Resources

On
January 4, 2023, we consummated our IPO of 6,000,000 units (the “Units”), at $10.00 per Unit, generating gross proceeds of
$60,000,000. Simultaneously with the closing of our IPO, we consummated the sale of 370,500 Private Placement Units at a price of $10.00
per Private Placement Unit in a private placement to the Sponsor, generating total gross proceeds of $3,705,000.

On
January 6, 2023, and effective January 9, 2023, the underwriters in our IPO purchased an additional 900,000 Units to exercise its over-allotment
option in full at a purchase price of $10.00 per Unit, generating gross proceeds of $9,000,000. Simultaneously with the closing of the
full exercise of the over-allotment option, we completed the private sale of an aggregate of 38,700 Private Placement