Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 34

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 34
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 stakes of AlphaTime shareholders, HCYC shareholders and others in PubCo immediately upon completion of the Business Combination?

A: Upon consummation of the Business Combination, PubCo will be the continuing public company and HCYC will be a wholly owned subsidiary of PubCo. The former securityholders of AlphaTime and HCYC will become securityholders of PubCo.

Upon consummation of the Business Combination, the
post-Closing share ownership of PubCo would be (i) the No Further Redemption Scenario; (ii) the 50% Redemption Scenario, where AlphaTime
public shareholders holding approximately 208,718 ATMC Ordinary Shares exercise their redemption rights and such shares are redeemed
for their pro rata portion of the funds in the Trust Account (at, for illustrative purposes, $12.38 per share, being the
pro rata per share amount as of October 1, 2025), amounting to aggregate redemption proceeds of approximately $2,583,929,
and (iii) the 100% Redemption Scenario, where AlphaTime public shareholders holding approximately 417,436 ATMC Ordinary Shares
exercise their redemption rights and such shares are redeemed for their pro rata portion of the funds in the Trust Account (at,
for illustrative purposes, $12.38 per share), amounting to aggregate redemption proceeds of approximately $4,733,867.

The following table illustrates varying pro forma voting power and implied ownership levels in PubCo immediately following the consummation of the Business Combination based on the No Further Redemption Scenario, the 50% Redemption Scenario, the 75% Redemption Scenario and the 100% Redemption Scenario.

The table below does not include (i) 6,900,000 PubCo Ordinary Shares that underlie AlphaTime’s public warrants, (iii) 409,200 PubCo Ordinary Shares that underlie AlphaTime’s private placement warrants and (iii) the 1,500,000 Earnout Shares (collectively, the “Dilutive Interests”), in each case because none of the Dilutive Interests are exercisable or issuable immediately following the consummation of the Business Combination.

The tables below are based on an aggregate of 3,282,556 ATMC Ordinary Shares and include (i) 417,436 ATMC Ordinary Shares held by public shareholders, (ii) 690,000 PubCo shares which will be automatically issued upon the exchange of the Public Rights at Closing, (iii) 409,200 Private Shares underlying the