Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 202

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 202
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 qualify for tax-free treatment under other provisions of the Code, and may be affected by AlphaTime’s PFIC status and whether PubCo is also a PFIC. U.S. Holders should consult their tax advisers regarding the U.S. federal income tax consequences of the Initial Mergers if they do not qualify as an F Reorganization or otherwise as tax-free transactions (including the requirement to recognize gain in that event). In addition, U.S. Holders should consult their tax advisers regarding whether the PFIC rules could apply to the transfer of their ATMC Ordinary Shares pursuant to the Initial Mergers if they do not qualify as an F Reorganization (regardless of whether the Initial Mergers otherwise qualify for tax-free treatment).

Because the Initial Mergers will occur prior to the redemption of U.S. Holders that exercise redemption rights, U.S. Holders exercising such redemption rights will be subject to the potential tax consequences of the Initial Mergers described above, and the PFIC rules described below will apply to any income or gain or recognized with respect to the redemption. All U.S. Holders considering exercising redemption rights are urged to consult their tax advisors with respect to the potential tax consequences to them of the Initial Mergers and an exercise of redemption rights.

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The remainder of this disclosure assumes the Initial Mergers qualify as an F Reorganization.

Effect of the Acquisition Merger

The implementation of the subsequent Acquisition Merger should not have an adverse effect on the U.S. federal income tax treatment of the exchange of ATMC Securities by U.S. Holders and accordingly, the Business Combination as a whole should be a nontaxable transaction to them for U.S. federal income tax purposes.

Effect of the Business Combination on ATMC

The Initial Mergers should be treated as an F Reorganization, and the Acquisition Merger will not involve ATMC and should not impact the treatment of the Initial Mergers. Further, ATMC is a non-U.S. entity that generally is not subject to U.S federal income tax, and the Initial Mergers will involve only non-U.S. entities. As such, ATMC should not recognize gain or loss as a result of the Business Combination.

Consequences of the Business Combination to U.S. Holders of HCYC Shares and to HCYC

As used in this section entitled “ - Consequences of the Business Combination to U.S. Holders of HCYC Shares and to HCYC,” the term “