Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1797

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1797
---
 transition period, which means that when a standard is issued or revised and it has different application dates for public or
private companies, we, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new
or revised standard. This may make comparison of our financial statements with another public company which is neither an emerging growth
company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of
the potential differences in accountant standards used.

Additionally,
we are a “smaller reporting company” as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take
advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.
We will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our Ordinary Shares
held by non-affiliates exceeds $250 million as of the end of the prior June 30th, or (2) our annual revenues exceeded $100
million during such completed fiscal year and the market value of our Ordinary Shares held by non-affiliates exceeds $700 million as
of the prior June 30th. To the extent we take advantage of such reduced disclosure obligations, it may also make comparison
of our financial statements with other public companies difficult or impossible.

If
we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements
and our activities may be restricted, which may make it difficult for us to complete our Business Combination.

If
we are deemed to be an investment company under the Investment Company Act, our activities may be restricted, including:

    ●
    restrictions
    on the nature of our investments; and

    ●
    restrictions
    on the issuance of securities, each of which may make it difficult for us to complete our Business Combination.

In
addition, we may have imposed upon us burdensome requirements, including:

    ●
    registration
    as an investment company;

    ●
    adoption
    of a specific form of corporate structure; and

    ●
    reporting,
    record keeping, voting, proxy and disclosure requirements and other rules and regulations.

In
order not to be regulated as an investment company under the Investment Company Act, unless we can qualify for an exclusion, we must
ensure that we are engaged primarily in a business other than investing, reinvesting