Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 176

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 176
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2025

The transaction accounting adjustments included in the unaudited pro forma condensed combined statement of operations for the year ended March 31, 2025 are as follows:

aa Represents elimination of interest earned on investments held in the trust account

bb Represents net loss attributable to PubCo Ordinary Shareholders

Represents the net loss attributable to PubCo Ordinary Shareholders per share calculated using the historical weighted average ordinary shares outstanding, and the issuance of additional shares in connection with the Business Combination, assuming the shares were outstanding since April 1, 2024. As the Business Combination and related transactions are being reflected as if they had occurred at the beginning of the periods presented, the calculation of weighted average shares of ordinary shares outstanding for basic and diluted net loss attributable to ordinary shareholders per share assumes that the shares issuable relating to the Business Combination have been outstanding for the entire period presented. In the Maximum Redemption Scenario, this calculation is retroactively adjusted to eliminate such shares for the entire period.

|                                                      |     | Assuming No 
 Redemption  
 Scenario    |            |   |     | Assuming 50% 
 Redemption   
 Scenario     |            |   |     | Assuming 75% 
 Redemption   
 Scenario     |            |   |     | Assuming Maximum 
 Redemption       
 Scenario         |            |   |
|:-----------------------------------------------------|:----|:------------|-----------:|:--|:----|:-------------|-----------:|:--|:----|:-------------|-----------:|:--|:----|:-----------------|-----------:|:--|
| Pro forma net loss                                   |     | $           | (2,076,844 | ) |     |              | (2,076,844 | ) |     |              | (2,076,844 | ) |     |                  | (2,076,844 | ) |
| Ordinary Shares outstanding, basic                   |     |             | 12,025,479 |   |     |              | 11,816,761 |   |     |              | 11,712,402 |   |     |                  | 11,608,043 |   |
| Net loss per share of PubCo Ordinary Shares, basic   |     |             |      (0.17 | ) |     |              |      (0.18 | ) |     |              |      (0.18 | ) |     |                  |      (0.18 | ) |
| Ordinary Shares outstanding, diluted                 |     |             | 23,