Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1537

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1537
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 (ii)
to sell your Warrants at the then-current market price when you might otherwise wish to hold your Warrants or (iii) to accept the nominal
redemption price which, at the time the outstanding Warrants are called for redemption, is likely to be substantially less than the market
value of your Warrants.

Our
Private Placement Units and Founder Shares may have an adverse effect on the market price of our Ordinary Shares and make it more difficult
to complete our Business Combination.

Simultaneously
with the closing of our Initial Public Offering, we issued 409,200 Private Placement Units to our Sponsor, one of our founders. Our founders
currently own 1,725,000 Founder Shares. In addition, if our founders or their affiliates make any working capital loans, up to $300,000
of such loans may be converted into working capital units, at the price of $10.00 per unit at the option of the lender. Such working
capital units would be identical to the Private Placement Units sold in the private placement.

To
the extent we issue Ordinary Shares to complete a Business Combination, the potential for the issuance of a substantial number of additional
Ordinary Shares upon exercise of these Warrants and conversion rights of up to $500,000 working capital loans could make us a less attractive
acquisition vehicle to a target business. Any such issuance will increase the number of issued and outstanding Ordinary Shares and reduce
the value of the Ordinary Shares issued to complete the business combination. Therefore, our Private Placement Units and Founder Shares
may make it more difficult to complete a Business Combination or increase the cost of acquiring the target business.

A
provision of our warrant agreement may make it more difficult for use to consummate an initial business combination.

Unlike
most blank check companies, if

    (i)
    we
    issue additional Ordinary Shares or equity-linked securities for capital raising purposes in connection with the closing of our initial
    business combination at a Newly Issued Price of less than $9.50 per share;

    (ii)
    the
    aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available
    for the funding of our initial business combination on the date of the consummation of our initial business combination (net of redemptions),
    and

    (iii)
    the
    Market Value is below $9.50 per share, then
the exercise price of the Warrants will be adjusted