Company: ATMCW
Filing Date: 2025-09-09
Form Type: DEF 14A
Source: 0001493152-25-012831
Chunk: 59

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-09-09
Form: DEF 14A
Chunk 59
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.S. Holder that are greater than 125% of the average annual distributions received by such U.S. Holder in respect of its 
 ordinary shares during the three preceding taxable years of such U.S. Holder or, if shorter, such U.S. Holder’s holding period   
 for such ordinary shares).                                                                                                       |

Under the Default PFIC Regime:

| ● | the                                                                                                                      
 U.S. Holder’s gain or excess distribution will be allocated ratably over the U.S. Holder’s holding period for its Public 
 Shares;                                                                                                                  |

| ● | the                                                                                                                                    
 amount of gain allocated to the U.S. Holder’s taxable year in which the U.S. Holder recognized the gain or received the excess         
 distribution, or to the period in the U.S. Holder’s holding period before the first day of the first taxable year in which             
 we are a PFIC, will be taxed as ordinary income;                                                                                       |
| ● | the                                                                                                                                    
 amount of gain allocated to other taxable years (or portions thereof) of the U.S. Holder and included in such U.S. Holder’s            
 holding period will be taxed at the highest tax rate in effect for that year and applicable to the U.S. Holder; and                    |
| ● | an                                                                                                                                     
 additional tax equal to the interest charge generally applicable to underpayments of tax will be imposed on the U.S. Holder in respect 
 of the tax attributable to each such other taxable year of such U.S. Holder.                                                           |

THE PFIC RULES ARE VERY COMPLEX AND ARE IMPACTED BY VARIOUS FACTORS IN ADDITION TO THOSE DESCRIBED ABOVE. ALL U.S. HOLDERS ARE URGED TO CONSULT THEIR TAX ADVISORS REGARDING THE APPLICATION OF THE PFIC RULES TO THE REDEMPTION OF PUBLIC SHARES, INCLUDING, WITHOUT LIMITATION, WHETHER A QEF ELECTION, A PURGING ELECTION, A MARK-TO-MARKET ELECTION, OR ANY OTHER ELECTION IS AVAILABLE AND THE CONSEQUENCES TO THEM OF MAKING OR HAVING MADE ANY SUCH ELECTION, AND THE IMPACT OF ANY PROPOSED OR FINAL PFIC TREASURY REGULATIONS.

| 29 |

Information Reporting and Backup Withholding

Payments of cash to a U.S. Holder as a result of the redemption of Public Shares may be subject to information reporting to the IRS and possible U.S. backup withholding. Backup withholding will not apply, however, to a U.S. Holder who furnishes a correct taxpayer identification number