Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1531

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1531
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 to holders seeking to exercise their Warrants, unless the issuance of the shares upon
such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration
is available. Notwithstanding the above, if our Ordinary Shares is at the time of any exercise of a Warrant not listed on a national
securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities
Act, we may, at our option, require holders of public warrants who exercise their Warrants to do so on a “cashless basis”
in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in
effect a registration statement, but we will be required to use our commercially reasonable efforts to register or qualify the shares
under applicable blue sky laws to the extent an exemption is not available. In no event will we be required to net cash settle any Warrant.
If the issuance of the shares upon exercise of the Warrants is not so registered or qualified or exempt from registration or qualification,
the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless. In
such event, holders who acquired their Warrants as part of a purchase of Units will have paid the full unit purchase price solely for
the Ordinary Shares included in the Units. If and when the Warrants become redeemable by us, we may exercise our redemption right even
if we are unable to register or qualify the underlying Ordinary Shares for sale under all applicable state securities laws. We will use
our commercially reasonable efforts to register or qualify such Ordinary Shares under the blue sky laws of the state of residence in
those states in which the Warrants were offered by us in our Initial Public Offering.

26

We
may issue additional Ordinary Shares or preferred shares to complete our initial business combination or under an employee incentive
plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely
present other risks.

Our
Third Amended and Restated Memorandum and Articles of Association, as amended, authorizes the issuance of up to 200,000,000 Ordinary
Shares, par value $0.0001 per share and 1,000,000 preferred shares, par value $0.0001 per share. There are 3,469,450 Ordinary Shares