Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1616

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1616
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2025, by providing five days’ advance
notice to the trustee prior to the applicable Termination Date, or extended date, and depositing into the trust account (the “Trust
Account”) $55,000 for each monthly extension (the “Extension Payment”) up to January 4, 2025 (i.e., for a period of
time ending up to 24 months after the consummation of its initial public offering) in exchange for a non-interest bearing, unsecured promissory
note payable upon the consummation of a business combination.

In connection with the shareholders’ vote at
the meeting on December 28, 2023, 2,160,774 ordinary shares of the Company exercised their right to redeem such shares (the “Redemption”)
for a pro rata portion of the funds held in the Trust Account. As a result, approximately $23,302,146 (approximately $10.78 per share)
has been removed from the Trust Account to pay such holders and approximately $51,712,221 remained in the Trust Account. Following the
redemptions, the Company has 6,873,426 ordinary shares outstanding.

At an extraordinary general meeting of shareholders
held on December 20, 2024 (the “Second Meeting”), the Company adopted an amendment to the Third Amended and Restated Memorandum
and Articles of Association (the “Amendment”) reflecting the extension of the date by which the Company must consummate a
business combination from January 4, 2025 (the “Termination Date”) up to nine (9) times, each comprised of one month each
(each an “Extension”) up to October 4, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its
Initial Public Offering for a total of nine (9) months after the Termination Date (assuming a business combination has not occurred).
The Company also entered into an amendment (the “Second Trust Agreement Amendment”) to the Trust Agreement. Pursuant to the
Second Trust Agreement Amendment, the Company has extended the date by which it has to complete a business combination from the Termination
Date up to nine (9) times, each comprised of one month each from the Termination Date, or extended date, as applicable, to October 4,
2025 by providing five days’ advance notice to the trustee prior to the applicable Termination Date, or extended date, and depositing
into