Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1528

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1528
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 acquisition companies which do not have similar foreign ownership
issues.

Moreover,
the process of government review, whether by CFIUS or otherwise, could be lengthy. Because we only have 24 months (or 33 months if we
extend the period of time to consummate a Business Combination) to complete our initial business combination, our failure to obtain any
required approvals within the requisite time period may prevent us from completing the transaction and require us to liquidate. If we
liquidate, our public shareholders may only receive $10.18 per share initially, and our Rights and Warrants will expire worthless. Our
public shareholders may also lose the potential investment opportunity in a target company and the opportunity of realizing future gains
on such investments through any price appreciation in the combined company.

Risks
Related to Our Securities

NASDAQ
may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities
and subject us to additional trading restrictions.

Our
Units, Ordinary Shares, Warrants and Rights are listed on NASDAQ. In order to continue listing our securities on NASDAQ prior to our
initial business combination, we must maintain certain financial, distribution and share price levels. Generally, we must maintain a
minimum amount in shareholders’ equity (generally $2,500,000) and a minimum number of holders of our securities (generally 300
public holders). Additionally, in connection with our initial business combination, we will be required to demonstrate compliance with
NASDAQ’s initial listing requirements, which are more rigorous than NASDAQ’s continued listing requirements, in order to
continue to maintain the listing of our securities on NASDAQ. For instance, our share price would generally be required to be at least
$4.00 per share and our shareholders’ equity would generally be required to be at least $5.0 million and we would be required to
have a minimum of 300 round lot holders of our securities.

On
November 29, 2024, the Company received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”)
of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company is not in compliance with Listing Rule 5450(a)(2)
(the “Minimum Public Holders Rule”), which requires the Company to have at least 400 total holders for continued listing
on The Nasdaq Global Market. An indicator will be displayed with quotation information related to the Company’s securities on listing