Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 30

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 30
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, share purchase, reorganization, or other similar business combination with one or more businesses or entities.

Based on its due diligence investigations of HCYC and the industries and geographies in which HCYC operates, including the financial and other information provided by HCYC in the course of AlphaTime’s due diligence investigations, AlphaTime’s board of directors believes, although it cannot assure you, that the Business Combination with HCYC is in the best interests of AlphaTime and presents an opportunity to increase shareholder value. Although AlphaTime’s board of directors believes that the Business Combination presents a unique business combination opportunity and is in the best interests of AlphaTime, AlphaTime’s board of directors considered certain potentially material negative factors in arriving at that conclusion. See “ The Business Combination Proposal - AlphaTime’s Board of Directors’ Reasons for the Approval of the Business Combination” for a discussion of the factors considered by AlphaTime’s board of directors in making its decision.

Q: Did AlphaTime’s board of directors obtain a third-party valuation or final fairness opinion in determining whether or not to proceed with the Business Combination?

A: No. AlphaTime’s board of directors did not obtain a third-party valuation or final fairness opinion in connection with its determination to approve the Business Combination. AlphaTime’s board of directors believes that based upon the financial skills and background of its directors, it was qualified to conclude that the Business Combination was fair from a financial perspective to AlphaTime’s shareholders. The board of directors also determined, without seeking a valuation from a financial advisor, that HCYC’s fair market value was at least 80% of AlphaTime’s net assets (excluding deferred underwriting discounts and commissions). Accordingly, investors will be relying on the judgment of AlphaTime’s board of directors as described above in valuing HCYC’s business and assuming the risk that the board of directors may not have properly valued such business. As soon as reasonably practicable after the execution of the Merger Agreement, AlphaTime received the opinion of Newbridge that, as of the date of such opinion and based upon and subject to the assumptions, limitations, qualifications and conditions set forth therein, the Merger Consideration to be paid PubCo pursuant to the Merger Agreement is fair from a financial point of view to AlphaTime, and shall deliver a copy of such opinion to HCYC.

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Q: What factors did AlphaTime’s board of directors consider in evaluating the Business Combination?

A: The AlphaTime Board considered a variety of factors in connection with its evaluation