Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1500

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1500
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 exchange, companies with more than one million users’ personal information
    in China, especially some internet and technology companies, may not be willing to list on a U.S. exchange or enter into a definitive
    business combination agreement with us. Further, we may also avoid conduct a Business Combination with a company with more than one
    million users’ personal information in China due to the limited timeline for us to complete a Business Combination.

    ●
    The
    governing PRC laws and regulations are sometimes vague and uncertain, which may result in a material change in our operations and
    the value of our shares if we complete our Business Combination with a target in China.

10

ITEM
1A. RISK FACTORS

You
should carefully consider the following risks and other information in this Form 10-K in evaluating us and our capital stock. Any of
the following risks, as well as additional risks and uncertainties not currently known to us or that we currently deem immaterial, could
materially and adversely affect our business, financial condition or results of operations, and could, in turn, impact the trading price
of our capital stock.

Risks
Related to our Search for, Consummation of, or Inability to Consummate, a Business Combination

We
are a blank check company formed as a Cayman Islands exempted company with no operating history and no revenues, and you have no basis
on which to evaluate our ability to achieve our business objective.

We
are a blank check company formed as a Cayman Islands exempted company with no operating results, and we did not commence operations until
obtaining funding through our Initial Public Offering. Because we lack an operating history, you have no basis upon which to evaluate
our ability to achieve our business objective of completing our initial business combination with one or more target businesses. We have
no plans, arrangements or understandings with any prospective target business concerning a Business Combination and may be unable to
complete our Business Combination. If we fail to complete our Business Combination, we will never generate any operating revenues.

Our
independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about
our ability to continue as a “going concern.”

As
of December 31, 2024, we had a working capital deficiency of $3,314,762. Further, we expect to incur significant costs in pursuit of
our acquisition plans. Management’s plans to address this need for capital through our Initial Public Offering are discussed in