Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1482

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1482
---
 On January 4, 2023 the Company consummated the Initial Public Offering of 6,000,000 units (the “Units”
and, with respect to the shares of ordinary shares included in the Units sold, the “Public Shares”), at $10.00 per Unit,
generating gross proceeds of $60,000,000. Unit consists of one ordinary share of the Company, par value $0.0001 per share (the “Ordinary
Shares”), one redeemable warrant (the “Warrants”) and one right (the “Rights”), with each Right entitling
the holder thereof to receive one-tenth of one Ordinary Share. Additionally, on January 6, 2023, the underwriters fully exercised the
over-allotment option and the closing of the issuance and sale of the additional Units occurred on January 9, 2023. The total aggregate
issuance by the Company of 900,000 Units at a price of $10.00 per Unit resulted in total gross proceeds of $9,000,000.

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the private sale of 370,500 units (the “Private Placement
Units”) to Alphamade Holding LP (the “Sponsor”) at a purchase price of $10.00 per Private Placement Unit, generating
gross proceeds to the Company of $3,705,000. In connection with the underwriter’s exercise of their over-allotment option, on January
9, 2023, the Company consummated the private sale of an additional 38,700 Private Placement Units, generating additional gross proceeds
of $387,000.

In
addition, concurrent with the closing of the Initial Public Offering, our Sponsor also sold to Chardan Capital Markets, LLC 115,500 Founder
Shares at a purchase price of $2.00 per share for an aggregate purchase price of $231,000. In connection with the underwriter’s
exercise of their over-allotment option, on January 9, 2023, our Sponsor sold an additional 17,325 Founder Shares at a purchase price
of $2.00 per share for an aggregate purchase price of $34,650.

1

Of
the proceeds the Company received from the Initial Public Offering and the sale of the Private Placement Units, $70,242,000 ($10.18
per public share) was deposited into a U.S