Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 265

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 265
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 Prior to its involvement with AlphaTime, the Sponsor did not have any operations. Other than the experience and involvement of Mr. Zhang, the Sponsor does not have any further experience organizing or managing special purpose acquisition companies and is not and never has been involved with other special purpose acquisition companies.

The Sponsor, was responsible for organizing, directing and managing the business and affairs of AlphaTime from its incorporation until consummation of its initial public offering. The Sponsor’s activities included identifying and negotiating terms with the representative of the underwriters in AlphaTime’s initial public offering, other third-party service providers such as AlphaTime’s auditors and legal counsel, and Bayview’s original directors and officers. Since the initial public offering, the Sponsor has assisted AlphaTime’s management in identifying and negotiating terms with HCYC. The Sponsor has had no operations outside of the responsibilities described above that it had and fulfilled to AlphaTime.

On September 28, 2021, the Sponsor acquired an aggregate of 1,437,500 Founder Shares for an aggregate purchase price of $25,000. Thereafter, the Sponsor was issued 287,500 Founder Shares for no additional consideration on January 8, 2022. It currently holds 1,592,175 shares and is expected to hold the same number as of the closing and immediately following the closing of the Business Combination.

Therefore, the Sponsor can earn a positive rate of return on its investment even if other AlphaTime shareholders experience a negative rate of return. The PubCo Ordinary Shares to be held by the Sponsor following the Business Combination will be identical to the PubCo Ordinary Shares to be held by AlphaTime’s Public Shareholders. Pursuant to the SEC’s rules, these PubCo Ordinary Shares may be considered “compensation” awarded to or earned by the Sponsor.

In addition to the above, in connection with the Sponsor’s sponsorship and management of AlphaTime:

| ● | Pursuant                                                                                                                                     
 to an administrative services agreement between AlphaTime and the Sponsor entered into in connection with the IPO, the Sponsor has           
 been allowed to charge AlphaTime an allocable share of its overhead, up to $10,000 per month, until to the close of the Business             
 Combination, to compensate it for AlphaTime’s use of its office, utilities and personnel. As of the date of this proxy statement/prospectus, 
 AlphaTime has incurred $330,000 with $100,000 paid to the Sponsor for these services; and                                                    |
| ● | On                                                                                                                                           
 September 30, 202