Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1536

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1536
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 50% of the then outstanding public warrants. As a result, the exercise price of your Warrants could be increased, the exercise
period could be shortened and the number of our Ordinary Shares purchasable upon exercise of a Warrant could be decreased, all without
your approval.

Our
Warrants are in a registered form under a warrant agreement and between Equiniti Trust Company, LLC, as warrant agent, and us. The warrant
agreement provides that the terms of the Warrants may be amended without the consent of any holder to cure any ambiguity or correct any
defective provision but requires the approval by the holders of at least 50% of the then outstanding public warrants to make any change
that adversely affects the interests of the registered holders of public warrants. Accordingly, we may amend the terms of the public
warrants in a manner adverse to a holder if holders of at least 50% of the then outstanding public warrants approve of such amendment.
Although our ability to amend the terms of the public warrants with the consent of at least 50% of the then outstanding public warrants
is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the Warrants, convert
the Warrants into cash, shorten the exercise period or decrease the number of our Ordinary Shares purchasable upon exercise of a Warrant.

29

We
may redeem your unexpired Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your Warrants worthless.

We
have the ability to redeem outstanding Warrants at any time after they become exercisable and prior to their expiration, at a price of
$0.01 per Warrant, provided that the last reported sales price of our Ordinary Shares equals or exceeds $16.50 per share (as adjusted
for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period
ending on the third trading day prior to the date on which we give proper notice of such redemption and provided certain other conditions
are met. If and when the Warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or
qualify the underlying securities for sale under all applicable state securities laws. Redemption of the outstanding Warrants could force
you (i) to exercise your Warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so,