Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1721

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1721
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 through any price appreciation in the combined company.

Risks
Related to Our Securities

NASDAQ
may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities
and subject us to additional trading restrictions.

Our
Units, Ordinary Shares, Warrants and Rights are listed on NASDAQ. In order to continue listing our securities on NASDAQ prior to our
initial business combination, we must maintain certain financial, distribution and share price levels. Generally, we must maintain a
minimum amount in shareholders’ equity (generally $2,500,000) and a minimum number of holders of our securities (generally 300
public holders). Additionally, in connection with our initial business combination, we will be required to demonstrate compliance with
NASDAQ’s initial listing requirements, which are more rigorous than NASDAQ’s continued listing requirements, in order to
continue to maintain the listing of our securities on NASDAQ. For instance, our share price would generally be required to be at least
$4.00 per share and our shareholders’ equity would generally be required to be at least $5.0 million and we would be required to
have a minimum of 300 round lot holders of our securities.

On
November 29, 2024, the Company received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”)
of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company is not in compliance with Listing Rule 5450(a)(2)
(the “Minimum Public Holders Rule”), which requires the Company to have at least 400 total holders for continued listing
on The Nasdaq Global Market. An indicator will be displayed with quotation information related to the Company’s securities on listingcenter.nasdaq.com
and may be displayed by other third-party providers of market data information, however, the Notice does not impact the listing of the
Company’s securities on The Nasdaq Global Market at this time. On January 16, 2025, the Company submitted a plan to regain compliance
with the Minimum Public Holders Rule.

25

On
January 29, 2025, Nasdaq issued a notice granting the Company an extension of time to regain compliance with Nasdaq Minimum Total Holders
Rule for 180 calendar days, or until May 28, 2025. The terms of the extension are as follows: on or before May 28, 2025, the Company
must file with