Company: ATMCW
Filing Date: 2025-11-19
Form Type: PRE 14A
Source: 0001493152-25-024302
Chunk: 19

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-19
Form: PRE 14A
Chunk 19
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 Third Meeting, the holders of 917,814 ATMC Ordinary Shares of the Company exercised           
 their right to redeem such shares for a pro rata portion of the funds held in the Trust Account (the “Third Redemption”).                   
 As a result, approximately $11,362,537 (approximately $12.38 per share) was removed from the Trust Account to pay such holders and          
 approximately $4,731,867 remained in the Trust Account. Following the aforementioned Third Redemption, AlphaTime had 2,551,636 ATMC         
 Ordinary Shares outstanding. The Company also entered into a third amendment to the Investment Management Trust Agreement (the “Third       
 Trust Agreement Amendment”). Pursuant to the Third Trust Agreement Amendment, the Company has extended the date by which it                 
 has to complete a business combination from the Termination Date up to three (3) times, each comprised of one month each from the           
 termination date, or extended date, as applicable, to January 4, 2026 by providing five days’ advance notice to the trustee                 
 prior to the applicable termination date, or extended date, and depositing into the Trust Account an extension payment of $55,000           
 until January 4, 2026 (assuming a business combination has not occurred) in exchange for a non-interest bearing, unsecured promissory       
 note payable upon the consummation of a business combination.                                                                               
 Currently,                                                                                                                                  
 the Company has until the Termination Date, or January 4, 2026, to consummate a Business Combination. The Board has determined that         
 it is in the best interests of AlphaTime to seek an extension of the Termination Date and have AlphaTime shareholders approve the           
 Extension Amendment Proposal and the Trust Agreement Amendment Proposal to allow for additional time to consummate a Business Combination.  
 The Board believes that the current Termination Date will not provide sufficient time to complete a Business Combination. Given AlphaTime’s 
 commitment of time, effort and financial resources to date with respect to identifying a Business Combination target, circumstances         
 warrant providing Public Shareholders with additional time and opportunity to consider a prospective Business Combination. However,         
 even if the Extension Amendment Proposal and the Trust Agreement Amendment Proposal are approved and the Extension and Extension            
 Amendment are implemented, there is no assurance that AlphaTime will be able to consummate a Business Combination within the Combination    
 Period, as extended, given the actions that must occur prior to closing of a Business Combination.                                          |
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| Q. | When