Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1269

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 13
Chunk 1269
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 in a financial institution
which, at times may exceed the Federal depository insurance coverage of $250,000. On December 31, 2024, the Company did not experience
losses on this account and management believes the Company is not exposed to significant risks on such account.

Offering
Costs

The
offering costs were $4,892,699 consisting principally of underwriting, legal, accounting and other expenses incurred through the balance
sheet date that are related to the IPO and are charged to shareholders’ equity upon the completion of the IPO. The Company complies
with the requirements of the ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”.
The Company allocates offering costs between the Public Shares (as defined below in Note 3), Public Warrants (as defined below in Note
3) and Public Rights (as defined below in Note 3) based on the relative fair values of the Public Shares, Public Warrants and Public
Rights. Accordingly, $4,770,382 was allocated to Public Shares and charged to temporary equity, and $122,317 was allocated to Public
Warrants and Public Rights and charged to shareholders’ equity.

Investment
Held in Trust Account

The
Company’s portfolio of investment held in the Trust Account is mainly comprised of investments in U.S. government securities and
generally have a readily determinable fair value, or a combination thereof. Gains and losses resulting from the change in fair value
of these securities and income earned from the investments held in the Trust Account is included in income earned on Trust Account in
the accompanying statements of operations. The estimated fair values of investment held in the Trust Account are determined using available
market information.

Income
earned on these investments will be fully reinvested into the investment held in Trust Account and therefore considered as an adjustment
to reconcile net income (loss) to net cash used in operating activities in the statements of cash flows. Such income reinvested will
be used to redeem all or a portion of the ordinary shares upon the completion of business combination.

     F-13 

Net
Income (Loss) Per Share

The
Company complies with the accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. In order to determine the net income
(loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the und