Company: ATMCW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011749
Chunk: 28

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 28
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 Rule 5450(b)(2)(A) (the “Minimum Market Value of Listed Securities Requirement”).
The notice stated that the Company has been provided a compliance period of 180 calendar days from receipt of letters, or until October
14, 2025 (the “Compliance Period”) to regain compliance. In order to regain compliance, the MVLS of the Company’s securities
must be at least $50 million for a minimum of ten consecutive business days. If the Company does not regain compliance within the 180-day
period, the securities will be subject to delisting.

On
April 30, 2025, Jichuan Yang resigned as chief financial officer and director of the Company, effective April 30, 2025. Mr. Yang’s
resignation was due to personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company’s
operations, policies, or practices.

On
May 6, 2025, Ms. Shan Yingxuan was appointed by the board of directors of the Company as chief financial officer and a director of the
Company. Ms. Shan was appointed to serve as a Class III director with a term expiring on the Company’s third annual meeting of
shareholders.

Subsequent
to March 31, 2025, and through the date of this filing, the Company has borrowed an aggregate of $285,086 from HCYC to support its working
capital needs.

F-19

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

References
to the “Company,” “our,” “us” or “we” refer to AlphaTime Acquisition Corp. The following
discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited
condensed financial statements and the notes related thereto. Certain information contained in the discussion and analysis set forth
below includes forward-looking statements. Our actual results may differ materially from those anticipated in these forward-looking statements
as a result of many factors. 

We
are a blank check company incorporated on September 15, 2021 (“inception”) as a Cayman Islands exempted company and formed
for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses. We have generated no revenues to date, and we do not expect that we will generate operating revenues at
the earliest until