Company: ATMCW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023265
Chunk: 5

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 5
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 (9) extensions comprised of one
month each from the Termination Date, or extended date, as applicable, to January 4, 2025 by providing five days’ advance notice
to the trustee prior to the applicable Termination Date, or extended date, and depositing into the Trust Account $55,000 for each monthly
extension (the “Extension Payment”) until January 4, 2025 (assuming a business combination has not occurred) in exchange
for a non-interest bearing, unsecured promissory note payable upon the consummation of a business combination.

At
an extraordinary general meeting of shareholders held on December 20, 2024 (the “Second Meeting”), the Company adopted
an amendment to the Third Amended and Restated Memorandum and Articles of Association (the “Amendment”) reflecting the
extension of the date by which the Company must consummate a business combination from January 4, 2025 (the “Termination
Date”) up to nine (9) times, each comprised of one month each (each an “Extension”) up to October 4, 2025 (i.e.,
for a period of time ending up to 33 months after the consummation of its Initial Public Offering for a total of nine (9) months
after the Termination Date (assuming a business combination has not occurred). The Company also entered into an amendment (the
“Second Trust Agreement Amendment”) to the Trust Agreement. Pursuant to the Second Trust Agreement Amendment, the
Company has extended the date by which it has to complete a business combination from the Termination Date up to nine (9) times,
each comprised of one month each from the Termination Date, or extended date, as applicable, to October 4, 2025 by providing five
days’ advance notice to the trustee prior to the applicable Termination Date, or extended date, and depositing into the Trust
Account an Extension Payment of $55,000
per one-month extension until October 4, 2025 (assuming a business combination has not occurred) in exchange for a non-interest
bearing, unsecured promissory note payable upon the consummation of a business combination.

On
January 4, 2024, the Company deposited $165,000 into the
Trust Account to extend the deadline to complete the business combination from January 4, 2024 to April 4, 2024. In connection with
this extension, on December 28,