Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1729

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1729
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 interests of the registered holders of public warrants. Accordingly, we may amend the terms of the public
warrants in a manner adverse to a holder if holders of at least 50% of the then outstanding public warrants approve of such amendment.
Although our ability to amend the terms of the public warrants with the consent of at least 50% of the then outstanding public warrants
is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the Warrants, convert
the Warrants into cash, shorten the exercise period or decrease the number of our Ordinary Shares purchasable upon exercise of a Warrant.

29

We
may redeem your unexpired Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your Warrants worthless.

We
have the ability to redeem outstanding Warrants at any time after they become exercisable and prior to their expiration, at a price of
$0.01 per Warrant, provided that the last reported sales price of our Ordinary Shares equals or exceeds $16.50 per share (as adjusted
for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period
ending on the third trading day prior to the date on which we give proper notice of such redemption and provided certain other conditions
are met. If and when the Warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or
qualify the underlying securities for sale under all applicable state securities laws. Redemption of the outstanding Warrants could force
you (i) to exercise your Warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so, (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