Company: ATMCW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023265
Chunk: 49

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 49
---
, which consists of loss of $290,004 derived from formation and operating
costs offset by income earned on investment held in Trust Account of $162,689.

For
the six months ended June 30, 2025, we had a net loss of $9,346, which consists of loss of $473,406 derived from formation and operating
costs offset by income earned on investment held in Trust Account of $464,060.

For
the three months ended June 30, 2024, we had a net income of $385,370, which consists of loss of $290,467 derived from formation and
operating costs offset by income earned on investment held in Trust Account of $675,837.

For
the six months ended June 30, 2024, we had a net income of $827,635, which consists of loss of $635,370 derived from formation and operating
costs offset by income earned on investment held in Trust Account of $1,463,005.

1

Liquidity
and Capital Resources

On
January 4, 2023, we consummated our IPO of 6,000,000 units (the “Units”), at $10.00 per Unit, generating gross proceeds of
$60,000,000. Simultaneously with the closing of our IPO, we consummated the sale of 370,500 Private Placement Units at a price of $10.00
per Private Placement Unit in a private placement to the Sponsor, generating total gross proceeds of $3,705,000.

On
January 6, 2023, and effective January 9, 2023, the underwriters in our IPO purchased an additional 900,000 Units to exercise its over-allotment
option in full at a purchase price of $10.00 per Unit, generating gross proceeds of $9,000,000. Simultaneously with the closing of the
full exercise of the over-allotment option, we completed the private sale of an aggregate of 38,700 Private Placement Units, at a purchase
price of $10.00 per Private Placement Unit, generating gross proceeds of $387,000. Transaction costs amounted to $4,892,699 consisting
of $1,612,500 of underwriting discount, $2,415,000 of deferred underwriting commission and $865,199 of other offering costs.

Following
the closing of our IPO and the sale of over-all