Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 45

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 45
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MC Ordinary Shares (other than public shares) held by them if AlphaTime fails to complete a business combination by the Final Redemption Date. Such shares had an aggregate market value $20,579,250, based upon a closing price of $11.93 per share on Nasdaq on August 15, 2025. As a result of waiving liquidating distributions, if AlphaTime fails to complete a business combination by the Final Redemption Date, the Sponsor would lose $4,092,000 for the purchase of Private Placement Units, and $25,000 for the purchase of the ATMC Ordinary Shares;

● the fact that the current members of the board of directors of AlphaTime have agreed to waive their redemption rights with respect to the ATMC Ordinary Shares held by them for no consideration;

● the fact that, in connection with various extensions of the deadline by which AlphaTime must complete an initial business combination, the Sponsor has deposited an aggregate of $1,240,000 into the Trust Account, as of December 31, 2024, in exchange for non-interest bearing, unsecured promissory notes issued by AlphaTime to the Sponsor that will not be repaid in the event that AlphaTime is unable to close a business combination unless there are funds available outside the Trust Account to do so;

● the fact that if AlphaTime is unable to complete a business combination within the required time period, the aggregate dollar amount of non-reimbursable funds the Sponsor and its affiliates have at risk that depends on completion of a business combination is $4,297,000, comprised of (i) $25,000, representing the aggregate purchase price paid for the ATMC Ordinary Shares, (ii) $4,092,000, representing the aggregate purchase price paid for Private Placement Units and (iii) $180,000 of unpaid expenses incurred by the Sponsor and AlphaTime’s officers and directors and their affiliates in connection with the administrative services agreement as of the date hereof;

● the fact that the Sponsor agreed to loan AlphaTime up to $300,000 in the aggregate, to be used for a portion of the expenses of the initial public offering, which loan is non-interest bearing and unsecured; and

● the fact that the Existing AlphaTime Articles currently in effect contains a waiver of the corporate opportunity doctrine, and there could have been business combination targets that were more appropriate for a business combination with AlphaTime but were not offered due to a AlphaTime’s director’s duties to another entity, although AlphaTime does not believe