Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 283

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 283
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    have conflicts of interest in determining to which entity a particular business opportunity should be presented.

    ●
    Our
    Initial Shareholders have agreed to waive their redemption rights with respect to any Founder Shares, private shares and any Public
    Shares held by them in connection with the consummation of our initial business combination. Additionally, our Initial Shareholders
    have agreed to waive their redemption rights with respect to any Founder Shares and private shares held by them if we fail to consummate
    our initial business combination within 24 months from the closing of our Initial Public Offering (or up to 33 months, if we extend
    the time to complete a Business Combination). If we do not complete our initial business combination within such applicable time
    period, the proceeds of the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of
    our Public Shares, and the Private Placement Units and underlying securities will be worthless. With certain limited exceptions,
    50% of the Founder Shares and Private Placement Units (and underlying securities) will not be transferable, assignable by our founders
    until the earlier to occur of: (A) six months after the date of the consummation of our initial business combination, or (B) the
    date on which the closing price of our Ordinary Shares equals or exceeds $12.50 per share (as adjusted for share splits, share dividends,
    reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business
    combination and the remaining 50% of the Founder Shares and Private Placement Units (and underlying securities) may not be transferred,
    assigned or sold until six months after the date of the consummation of our initial business combination, or earlier, in either case,
    if, subsequent to our initial business combination, we consummate a subsequent liquidation, merger, stock exchange or other similar
    transaction which results in all of our shareholders having the right to exchange their shares for cash, securities or other property.
    Since members of our management may directly or indirectly own Ordinary Shares, Warrants and Rights, our officers and directors may
    have a conflict of interest in determining whether a particular target business is an appropriate business with which to complete
    our initial business combination.

    ●
    Our
    officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention
    or resignation of any such