Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 550

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 550
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 generally
accepted in the United States of America.

Substantial Doubt about the Company’s
Ability to Continue as a Going Concern

The accompanying financial statements
have been prepared to assume the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company
has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans
and the Company’s cash and working capital are not sufficient to complete its planned activities one year from the issuance
date of the financial statements. In addition, if the Company is unable to complete a business combination within one year from the issuance
date of the financial statements, there will be a liquidation and subsequent dissolution. These conditions raise substantial doubt about
the Company’s ability to continue as a going concern. Management’s evaluation of the events and conditions and plans regarding
these matters are also described in Note 1 to the financial statements. The financial statements do not include any adjustments that might
result from the outcome of this uncertainty. Our opinion is not modified with respect to that matter.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an
understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that
respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements. Our audits also included evaluating the accounting principles used and