Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 142

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 142
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 and after the Business Combination on a fully diluted basis is as follows:

Approximately 7,500,000 PubCo Ordinary Shares are anticipated to be issued to holders of HCYC Shares as consideration in the Business Combination, valued at US$10.00 per share. This issuance represents approximately (a) 63% and 65%, respectively, of the number of PubCo Ordinary Shares that will be outstanding following the consummation of the Business Combination, under the no redemption scenario and the maximum redemption scenario, and (b) 63% and 65%, respectively, of the total voting power of PubCo Ordinary Shares that will be outstanding following the consummation of the Business Combination, assuming the no redemption scenario and the maximum redemption scenario.

1,725,000 Founder Shares, 409,200 Private Shares and 40,920 ATMC Ordinary Shares underlying the Private Rights will be converted and exchanged, as applicable, for PubCo Ordinary Shares in the Business Combination, valued at US$10.00 per share. These shares represent approximately (a) 18% and 19%, respectively, of the number of PubCo Ordinary Shares that will be outstanding following the consummation of the Business Combination, under the no redemption scenario and the maximum redemption scenario, and (b) 18% and 19%, respectively, of the total voting power of PubCo Ordinary Shares that will be outstanding following the consummation of the Business Combination, under the no redemption scenario and the maximum redemption scenario.

Taking into consideration the foregoing sources of dilution, immediately after the consummation of the Business Combination and after giving effect to the exchange of the Public Rights, the Public Shareholders will hold (a) 1,107,426 shares of PubCo Ordinary Shares, or 9% of the outstanding PubCo Ordinary Shares under the no redemption scenario and (b) 690,000 shares of PubCo Ordinary Shares, or 6% of the outstanding PubCo Ordinary Shares assuming that public shareholders exercise their redemption rights with respect to 417,436 Public Shares (the maximum amount of redemption) immediately after the consummation of the Business Combination. Following the consummation of the Business combination, the Public Shareholders will have approximately 9% and 6%, respectively, of the voting power under the no redemption scenario and the maximum redemption scenario, respectively. For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information” and “ The Business Combination Proposal-Voting Power, Im