Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1134

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 11
Chunk 1134
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Executive
Compensation

None
of our officers or directors have received or, prior to our initial business combination, will receive any cash compensation for services
rendered to us. Commencing on the date that our securities are first listed on the Nasdaq through the earlier of consummation of our
initial business combination and our liquidation, we will reimburse our Sponsor for office space, utilities and secretarial and administrative
services provided to us in the amount of $10,000 per month. In addition, our Sponsor, officers and directors, or any of their respective
affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying
potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly
basis all payments that were made to our Sponsor, officers, directors or our or any of their affiliates.

After
the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting,
management or other compensation from the combined company. Additionally, certain directors may receive additional compensation in the
form of equity interests of the Sponsor for their services. All compensation will be fully disclosed to shareholders, to the extent then
known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business
combination. It is unlikely the amount of such compensation will be known at the time, because the directors of the post-combination
business will be responsible for determining executive officer and director compensation. Any compensation to be paid to our officers
after the completion of our initial business combination will be determined by a compensation committee constituted solely by independent
directors.

We
are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment. The
existence or terms of any such employment or consulting arrangements may influence our management’s motivation in identifying or
selecting a target business, and we do not believe that the ability of our management to remain with us after the completion of our initial
business combination should be a determining factor in our decision to proceed with any potential business combination.

84

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS

Unless
otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all Ordinary
Shares beneficially owned by them. The following table reflects record or beneficial ownership of the private shares