Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1545

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1545
---
 Trust Account, including interest (which
interest shall be net of taxes payable), divided by the number of then outstanding Public Shares. These agreements are contained in a
letter agreement that we have entered into with our founders. Our shareholders are not parties to, or third-party beneficiaries of, these
agreements and, as a result, will not have the ability to pursue remedies against our founders for any breach of these agreements. As
a result, in the event of a breach, our shareholders would need to pursue a shareholder derivative action, subject to applicable law.

We
may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target
business, which could compel us to restructure or abandon a particular business combination.

Although
we believe that the net proceeds of our Initial Public Offering and the sale of the Private Placement Units will be sufficient to allow
us to complete our initial business combination, because we have not yet selected any prospective target business we cannot ascertain
the capital requirements for any particular transaction. If the net proceeds of our Initial Public Offering and the sale of the Private
Placement Units prove to be insufficient, either because of the size of our initial business combination, the depletion of the available
net proceeds in search of a target business, the obligation to repurchase for cash a significant number of shares from shareholders who
elect redemption in connection with our initial business combination or the terms of negotiated transactions to purchase shares in connection
with our initial business combination, we may be required to seek additional financing or to abandon the proposed business combination.
We cannot assure you that such financing will be available on acceptable terms, if at all. To the extent that additional financing proves
to be unavailable when needed to complete our initial business combination, we would be compelled to either restructure the transaction
or abandon that particular business combination and seek an alternative target business candidate. If we are unable to complete our initial
business combination, our public shareholders may receive only approximately $10.18 per share plus any pro rata interest earned on the
funds held in the Trust Account (and not previously released to us to pay our taxes) on the liquidation of our Trust Account and our
Warrants and Rights will expire worthless. In addition, even if we do not need additional financing to complete our Business Combination,
we may require such financing to fund the operations or growth of the target business. The failure to secure additional financing could
have a material adverse effect on the continued development or growth of the target business