Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 184

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 184
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 office in accordance with the memorandum and articles of association of the Subsequent SPAC Surviving Sub in effect or until their respective successors are duly elected or appointed and qualified.

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The Acquisition Merger

At the effective time of the Acquisition Merger, (i) HCYC Merger Sub will be merged with and into HCYC and following the Acquisition Merger, the separate corporate existence of HCYC Merger Sub will cease and HCYC will continue as the Surviving Company under the laws of the Cayman Islands and become a wholly-owned subsidiary of PubCo; (ii) all the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of each of HCYC Merger Sub and HCYC will become the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of HCYC, as the Surviving Company, which will include the assumption by the Surviving Company of any and all agreements, covenants, duties and obligations of HCYC Merger Sub and HCYC set forth in the Merger Agreement to be performed after the effective time of the Acquisition Merger; (iii) by virtue of the Acquisition Merger and without any action on the part of HCYC, HCYC Merger Sub or any other person, the memorandum and articles of association of the HCYC Merger Sub, as in effect immediately prior to the effective time of the Acquisition Merger, will become the memorandum and articles of association of the Surviving Company until thereafter amended as provided therein and under the Cayman Companies Act; and (iv) the directors or officers of HCYC as of immediately prior to the effective time of the Acquisition Merger will be the directors or officers of the Surviving Company, each to hold office in accordance with the Memorandum and Articles of Association of the Surviving Company until the earlier of his or her resignation or removal or he or she otherwise ceases to be a director or until his or her respective successor is duly elected and qualified, as the case may be.

Merger Consideration

In accordance with the terms and subject to the conditions of the Merger Agreement, (i) each issued and outstanding ordinary share of HCYC will be cancelled and exchanged for the right to receive such number of PubCo Ordinary Shares (as defined in the Merger Agreement) equal to the Exchange Ratio (as defined in the Merger Agreement)and (ii) each Company Dissenting