Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1130

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 1130
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 of $0.0001 per share and 20,000,000 Class B ordinary
shares with a par value of $0.0001 per share. Holders of Class A and Class B ordinary shares were entitled to one vote for each share.

On
September 28, 2021, the Sponsor received 1,437,500 of the Company’s Class B ordinary shares in exchange for $25,000 paid for deferred
offering costs borne by the Sponsor. Out of the 1,437,500 Class B ordinary shares, an aggregate of up to 187,500 Class B ordinary shares
were subject to forfeiture to the extent that the underwriters’ over-allotment option is not exercised in full or in part so that
the number of Founder Shares will equal 20% of the Company’s issued and outstanding ordinary shares after the Initial Public Offering
(excluding private placement shares).

On
January 8, 2022, the board of directors of the Company and the Sponsor, as sole shareholder of the Company, approved, through a special
resolution, the following share capital changes:

(a)
Each of the authorized but unissued 200,000,000 Class A ordinary shares were cancelled and re-designated as the ordinary shares of $0.0001
par value each;

(b)
Each of the 1,437,500 Class B ordinary shares in issue were repurchased in consideration for the issuance of 1,437,500 ordinary shares
of $0.0001 par value each; and

(c)
Upon completion of the above steps, the authorized but unissued 20,000,000 Class B ordinary shares were cancelled.

As
an effect of the above, the Company is authorized to issue 200,000,000 ordinary shares with a par value of $0.0001 per share. Holders
of ordinary shares are entitled to one vote for each share. Further, the shareholders also approved the amendment and restatement of
the memorandum and articles of association filed with the Cayman Registrar.

On
January 8, 2022, the Company issued an additional 287,500 ordinary shares to the Sponsor as fully paid bonus shares for no additional
consideration. The issuance was considered as a bonus share issuance, in substance a recapitalization transaction, which was recorded
and presented retroactively.

On
January 4, 2023, the Company consummated the IPO of 6,000,000 units at a price of $10.