Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 620

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 620
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 13G filed with the SEC on November 14, 2024, First Trust Merger Arbitrage Fund owned 400,279 shares of the outstanding
    Ordinary Shares, while First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC. collectively
    owned 445,959 shares of the outstanding Ordinary Shares.

    (7)
    According
    to a Schedule 13G filed with the SEC on February 13, 2025, ATW SPAC Management, LLC owns 188,093 Ordinary Shares.

    (8)
     According
    to a Schedule 13G/A filed with the SEC on February 13, 2025, Boothbay Fund Management, LLC owns 188,093 Ordinary Shares.

    (9)
    According
    to a Schedule 13G filed with the SEC on October 15, 2024, Wolverine Asset Management, LLC owns 433,010 Ordinary Shares

    (10)
    According
    to a Schedule 13G/A filed with the SEC on December 6, 2024, Karpus Investment Management owns 342,567 Ordinary Shares.

85

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Founder
Shares

On
September 28, 2021, our Sponsor acquired 1,437,500 Founder Shares for an aggregate purchase price of $25,000. On January 8, 2022, our
Sponsor acquired an additional 287,500 Founder Shares for no additional consideration, resulting in our Sponsor holding an aggregate
of 1,725,000 Founder Shares. Prior to the initial investment in the company of $25,000 by our Sponsor, the company had no assets, tangible
or intangible. The number of Founder Shares issued was determined based on the expectation that such Founder Shares would represent approximately
20% of the outstanding shares upon completion of this offering (excluding the private shares and shares underlying the UPO). Concurrent
with the closing of the Initial Public Offering, our Sponsor sold to Chardan or its designees 132,825 of these Founder Shares at a purchase
price of $2.00 per share and an aggregate purchase price of $265,650.

Private
Placement

Simultaneously
with the closing of the Initial Public Offering, our Sponsor purchased an aggregate of 370,500 Private Placement Units for a purchase
price of $10.00 per