Company: ATMCW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023265
Chunk: 45

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 45
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-15(b) and Rule 15d-15(b) under the Exchange Act, our management, including our Chief Executive
Officer and our Chief Financial Officer evaluated, as of June 30, 2025, the effectiveness of our disclosure controls and procedures as
defined in Exchange Act Rule 13a-15(e) and Rule 15d-15(e). Based on that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that our disclosure controls and procedures were not effective as of June 30, 2025, due to the material weakness in our internal
control over financial reporting related to insufficient review of related party transactions. As a result, we performed additional analysis
as deemed necessary to ensure that our financial statements were prepared in accordance with U.S. generally accepted accounting principles.
Accordingly, management believes that the financial statements included in this Form 10-Q present fairly in all material respects
our financial position, results of operations and cash flows for the period presented. Management intends to continue implement remediation
steps to improve our disclosure controls and procedures and our internal control over financial reporting. Specifically, we intend to
expand and improve our review process for related party transactions and ensure that communication with related parties is sufficient
to ensure completeness of related party transactions.

We believe,
however, that a controls system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the
controls systems are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud
or error, if any, within a company have been detected.

Changes
in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange
Act) during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

8

PART
II - OTHER INFORMATION

Item
1. Legal Proceedings

To
the knowledge of our management, there is no material litigation, arbitration, bankruptcy, receivership, governmental proceeding or other
proceeding currently pending against us or any members of our management team in their capacity as such.

Item
1A. Risk Factors

As
of the date of this Report, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K filed
with the SEC on April 15,