Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 339

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 339
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 intended initial business combination, the founders or an affiliate of the founders may, but are not obligated to, loan AlphaTime funds as may be required. If AlphaTime complete the initial business combination, AlphaTime would repay such loaned amounts. In the event that the initial business combination does not close, AlphaTime may use a portion of the working capital held outside the trust account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $300,000 of such loans may be convertible into working capital units, at a price of $10.00 per unit at the option of the lender. Such working capital units would be identical to the Private Units sold in the private placement. The terms of such loans by the founders or their affiliates, if any, have not been determined and no written agreements exist with respect to such loans. AlphaTime does not expect to seek loans from parties other than the founders or an affiliate of our founders as AlphaTime does not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in the Trust Account, but in the event that AlphaTime seeks loans from any third parties, it will obtain a waiver against any and all rights to seek access to funds in the Trust Account.

Advisory Services Agreement

The Company engaged TenX Global Capital LP (“ TenX”), a related party to the Company, as an advisor in connection with the Initial Public Offering and business combination, to assist in hiring consultants and other services providers in connection with our Initial Public Offering and the business combination, assist in the preparation of unaudited condensed financial statements and other relevant services to commence trading including filing the necessary documents as part of the transaction. Further, TenX will assist in preparing the Company for investor presentations, conferences for due diligence, deal structuring and term negotiations.

During the period from Inception through June 30, 2025, a cash fee of $200,000 has been incurred as deferred offering costs for these services of which $160,000 has been paid by the Sponsor through December 31, 2022 and additional $40,000 was paid subsequently through December 31, 2023.

Administration fee

Commencing on the effective date of the registration statement of the IPO, an affiliate of the Sponsor shall be allowed to charge the Company an allocable share of its overhead, up to $10,000 per month up to the close of the business combination, to compensate it for the Company’s use