Company: ATMCW
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001493152-25-024097
Chunk: 6

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 6
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 the Sponsor for $660,000, that is payable promptly after the completion of an initial business combination. Further,
the Company has deposited a total of $539,939 into the Trust Account to extend the deadline to complete the business combination from
April 4, 2024 to February 4, 2025. The total deposits made to date were $10,061 less than the amount required to fully fund the extensions
through February 4, 2025, and, as a result, a portion of the extensions remained unfunded as of September 30, 2025. Thereafter, the Company
entered into additional extension letters to extend the timeline of the business combination on a monthly basis through October 4, 2025.
As of September 30, 2025, the extension payments for January through September, together with the $10,061 shortfall from prior extensions,
in aggregate totaling $450,061 had not yet been deposited into the Trust Account and, accordingly, did not accrue interest income during
the period. These extension payments were also not included in the common stock subject to possible redemption as of September 30, 2025.

    F-7

However,
if the Company has not completed a Business Combination within the Combination Period, the Company will (i) cease all operations except
for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of
the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned and not previously released to us to pay our taxes, if any (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish the rights of the Public
Shareholders as shareholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of the Company’s remaining Public Shareholders and its Board of Directors,
liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors
and the requirements of other applicable law. The Sponsor has agreed to waive its rights to liquidating distributions from the Trust
Account with respect to the Founder Shares it will receive if the Company fails to complete a Business Combination within the Combination
Period. However, if