Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 233

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 233
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. It should be noted that this explanation of the HCYC Board’s reasoning and all other information presented in this section are forward-looking in nature and, therefore, should be read in light of the factors discussed under the heading “ Cautionary Statement Regarding Forward-Looking Statements.”

Satisfaction of 80% Test

After consideration of the factors identified and discussed in the section entitled “ The Business Combination Proposal-Reasons for AlphaTime Board’s Approval of the Business Combination,” the AlphaTime Board concluded that the Business Combination met the requirements disclosed in the IPO prospectus with respect to AlphaTime’s initial business combination, including that the Business Combination had a fair market value of at least 80% of the balance of the funds in the Trust Account at the time of execution of the Merger Agreement.

Interests of AlphaTime Directors and Officers in the Business Combination

In considering the recommendation of the AlphaTime Board to vote in favor of approval of the Business Combination Proposal, the Initial Mergers Proposal and the Adjournment Proposal, you should keep in mind AlphaTime’s directors and officers have interests in such proposals that are different from, or in addition to, your interests as a shareholder. These interests include, among other things, the following:

| ● | AlphaTime’s                                                                                                                          
 officers, directors and their affiliates are entitled to reimbursement of out-of-pocket expenses incurred by them in connection with 
 certain activities on AlphaTime’s behalf, such as identifying and investigating possible business targets and business combinations. 
 As of the Record Date, there are no out-of-pocket expenses due to be reimbursed.                                                     |
| ● | The                                                                                                                                  
 Sponsor may convert any working capital loans that it may make to AlphaTime into up to an additional 30,000 Private Placement Units  
 at the price of $10.00 per Private Placement Unit.                                                                                   |
| ● | The                                                                                                                                  
 Sponsor, officers and directors have agreed not to redeem any ATMC Ordinary Shares held by them in connection with a shareholder     
 vote to approve the Business Combination.                                                                                            |
| ● | At the Extension Meeting on December 28, 2023, AlphaTime                                                                             
 adopted the Existing AlphaTime Articles reflecting the extension of the termination date from January 4, 2024 up to ten (10) times,  
 the first extension comprised of three months, and the subsequent nine (9) extensions comprised of one month each up to January 4,   
 2025 (i.e., for a period of time ending up to 24 months after the consumm