Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 353

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 353
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 initial business combination, have been deemed
compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective date of the
registration statement or the commencement of sales in the IPO pursuant to Rule 5110(e)(1) of FINRA’s Rules, during which time the
option may not be sold, transferred, assigned, pledged or hypothecated, or be subject of any hedging, short sale, derivative or put or
call transaction that would result in the economic disposition of the securities, except as permitted under FINRA Rule 5110(e)(2).

Advisory Services Agreement

The Company engaged TenX Global Capital LP (“TenX”),
a related party to the Company, as an advisor in connection with the Initial Public Offering and business combination, to assist in hiring
consultants and other services providers in connection with our Initial Public Offering and the business combination, assist in the preparation
of financial statements and other relevant services to commence trading including filing the necessary documents as
part of the transaction. Further, TenX will assist in preparing the Company for investor presentations, conferences for due diligence,
deal structuring and term negotiations.

During the period from September 15, 2021 (inception)
through December 31, 2023, a cash fee of $200,000 has been incurred as deferred offering costs for these services of which $160,000 has
been paid by the Sponsor through December 31, 2022 and additional $40,000 was paid subsequently through December 31, 2023.

Off-Balance Sheet Arrangements; Commitments and
Contractual Obligations

As of December 31, 2024, we did not have any off-balance
sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations.

Critical Accounting Policies And Estimates

The preparation of financial statements
and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements,
and income and expenses during the periods reported. Actual results could materially differ from those estimates. We have identified below
critical accounting policies.

Ordinary Shares Subject to Possible Redemption

We account for our ordinary shares subject to possible
redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities
from Equity