Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1542

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1542
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 target businesses that have relationships with entities that may be affiliated
with our founders which may raise potential conflicts of interest.

In
light of the involvement of our officers and directors with other entities, we may decide to acquire one or more businesses affiliated
with our founders or their respective affiliates. Our officers and directors also serve as officers and board members for other entities.
Such entities may compete with us for business combination opportunities. Our Sponsor and Initial Shareholders are not currently aware
of any specific opportunities for us to complete our Business Combination with any entities with which they are affiliated, and there
have been no preliminary discussions concerning a Business Combination with any such entity or entities. Although we will not be specifically
focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that such
affiliated entity met our criteria for a Business Combination as set forth in our Registration Statement and such transaction was approved
by a majority of our disinterested directors. Despite our agreement to obtain an opinion from an independent investment banking firm
that is a member of FINRA, or from an independent accounting firm, regarding the fairness to our company from a financial point of view
of a Business Combination with one or more domestic or international businesses affiliated with our founders or their respective affiliates,
potential conflicts of interest still may exist and, as a result, the terms of the business combination may not be as advantageous to
our public shareholders as they would be absent any conflicts of interest.

Since
our Sponsor and Initial Shareholders will lose their entire investment in us if our Business Combination is not completed, a conflict
of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.

On
September 28, 2021, our Sponsor acquired 1,437,500 Founder Shares for an aggregate purchase price of $25,000. On January 8, 2022, our
Sponsor acquired an additional 287,500 Founder Shares for no additional consideration, resulting in our Sponsor holding an aggregate
of 1,725,000 Founder Shares. Concurrent with the closing of our Initial Public Offering, our Sponsor sold to Chardan or its designees
132,825 of these Founder Shares for a purchase price of $2.00 per share and an aggregate purchase price of $265,650. Prior to the initial
investment in the Company of $25,000 by our Sponsor, the Company had no assets, tangible or intangible. The number of Founder Shares
issued was determined