Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1704

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1704
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 the sale of the Private Placement Units are intended to be used to complete an initial
business combination with a target business that has not been selected, we may be deemed to be a “blank check” company under
the United States securities laws. However, because we will have net tangible assets in excess of $5,000,000 upon the successful completion
of our Initial Public Offering and the sale of the Private Placement Units and will file a Current Report on Form 8-K, including an audited
balance sheet demonstrating this fact, we are exempt from rules promulgated by the SEC to protect investors in blank check companies,
such as Rule 419. Accordingly, investors will not be afforded the benefits or protections of those rules. Among other things, this means
our Units will be immediately tradable and we will have a longer period of time to complete our Business Combination than do companies
subject to Rule 419. Moreover, if our Initial Public Offering were subject to Rule 419, that rule would prohibit the release of any interest
earned on funds held in the Trust Account to us unless and until the funds in the Trust Account were released to us in connection with
our completion of an initial business combination.

16

If
we seek shareholder approval of our initial business combination and we do not conduct redemptions pursuant to the tender offer rules,
and if you or a “group” of shareholders are deemed to hold in excess of 15% of our Ordinary Shares, you will lose the ability
to redeem all such shares in excess of 15% of our Ordinary Shares.

If
we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business
combination pursuant to the tender offer rules, our Third Amended and Restated Memorandum and Articles of Association provides that a
public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert
or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with
respect to more than an aggregate of 15% of the shares sold in our Initial Public Offering, which we refer to as the “Excess Shares.”
However, our Third Amended and Restated Memorandum and Articles of Association does not restrict our shareholders’ ability to vote
all of their shares (including Excess Shares) for or against our Business Combination. Your inability to redeem the Excess Shares will
reduce your influence over our ability to complete