Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1696

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1696
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 the number of shares that will be submitted
for redemption. If our Business Combination agreement requires us to use a portion of the cash in the Trust Account to pay the purchase
price or requires us to have a minimum amount of cash at closing, we will need to reserve a portion of the cash in the Trust Account
to meet such requirements, or arrange for third-party financing. In addition, if a larger number of shares are submitted for redemption
than we initially expected, we may need to restructure the transaction to reserve a greater portion of the cash in the Trust Account
or arrange for third-party financing. Raising additional third-party financing may involve dilutive equity issuances or the incurrence
of indebtedness at higher than desirable levels. The above considerations may limit our ability to complete the most desirable business
combination available to us or optimize our capital structure. The amount of deferred underwriting commissions payable to the underwriters
will not be adjusted for any shares that are redeemed in connection with a Business Combination. The per-share amount we will distribute
to shareholders who properly exercise their redemption rights will not be reduced by deferred underwriting commissions and after such
redemptions, the per-share value of shares held by non-redeeming shareholders will reflect our obligation to pay deferred underwriting
commissions.

12

The
ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability
that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your share.

If
our Business Combination agreement requires us to use a portion of the cash in the Trust Account to pay the purchase price or requires
us to have a minimum amount of cash at closing, the probability that our initial business combination would be unsuccessful is increased.
If our initial business combination is unsuccessful, you would not receive your pro rata portion of the Trust Account until we liquidate
the Trust Account. If you are in need of immediate liquidity, you could attempt to sell your shares in the open market; however, at such
time our shares may trade at a discount to the pro rata amount per share in the Trust Account. In either situation, you may suffer a
material loss on your investment or lose the benefit of funds expected in connection with our redemption until we liquidate or you are
able to sell your shares in the open market.

As
the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may
be more