Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1706

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1706
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 upon our liquidation. See “— If third parties bring claims against us, the proceeds
held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than $10.18 per share”
and other risk factors in this section.

17

If
the net proceeds of our Initial Public Offering and the sale of the Private Placement Units not being held in the Trust Account are insufficient
to allow us to operate for at least the next 24 months from the closing of our Initial Public Offering, or if we decide to extend the
period of time to consummate our Business Combination, the next 33 months from the closing of our Initial Public Offering (as further
described in our Registration Statement), we may be unable to complete our initial business combination, in which case our public shareholders
may only receive $10.18 per share, or less than such amount in certain circumstances, and our Warrants and Rights will expire worthless.

The
funds available to us outside of the Trust Account may not be sufficient to allow us to operate for at least the next 24 months from
the closing of our Initial Public Offering, or if we decide to extend the period of time to consummate our Business Combination, the
next 33 months from the closing of our Initial Public Offering (as further described in our Registration Statement), assuming that our
initial business combination is not completed during that time. We believe that, upon the closing of our Initial Public Offering, the
funds available to us outside of the Trust Account will be sufficient to allow us to operate for at least the next 24 months from the
closing of our Initial Public Offering, or if we decide to extend the period of time to consummate our Business Combination, the next
33 months from the closing of our Initial Public Offering (as further described in our Registration Statement); however, we cannot assure
you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds available to us to pay fees to consultants
to assist us with our search for a target business. We could also use a portion of the funds as a down payment or to fund a “no-shop”
provision (a provision in letters of intent or merger agreements designed to keep target businesses from “shopping” around
for transactions with other companies on terms more favorable to such target businesses) with respect to a particular proposed business
combination, although we do not have any current intention to do so. If we entered into a