Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 411

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 411
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           |   |     |                   |           |   |     |            |           |   |     |                   |           |   |     |                 |           |   |
| Weighted-average shares outstanding                            |     |                   | 1,335,250 |   |     |            | 2,134,200 |   |     |                   | 1,335,250 |   |     |            | 2,134,200 |   |     |                   | 4,739,226 |   |     |            | 2,134,200 |   |     |                   | 4,774,843 |   |     |                 | 2,134,200 |   |
| Basic and diluted net income (loss) per share                  |     |                   |      0.06 |   |     |            |     (0.10 | ) |     |                   |      0.26 |   |     |            |     (0.17 | ) |     |                   |      0.11 |   |     |            |     (0.07 | ) |     |                   |      0.24 |   |     |                 |     (0.14 | ) |

| F-33 |

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, “ Fair Value Measurement,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.

Warrants

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) ASC 480 “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, whether they meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants