Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1485

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1485
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 the date by which the Company must consummate a Business Combination from January
4, 2025 (the “Termination Date”) up to nine (9) times, each comprised of one month each (each an “Extension”)
up to October 4, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its Initial Public Offering for a total
of nine (9) months after the Termination Date (assuming a Business Combination has not occurred). The Company also entered into an amendment
(the “Second Trust Agreement Amendment”) to the Trust Agreement. Pursuant to the Second Trust Agreement Amendment, the Company
has extended the date by which it has to complete a Business Combination from the Termination Date up to nine (9) times, each comprised
of one month each from the Termination Date, or extended date, as applicable, to October 4, 2025 by providing five days’ advance
notice to the trustee prior to the applicable Termination Date, or extended date, and depositing into the Trust Account an Extension Payment
of $55,000 until October 4, 2025 (assuming a Business Combination has not occurred) in exchange for a non-interest bearing, unsecured
promissory note payable upon the consummation of a Business Combination.

2

In
connection with the shareholders’ vote at the Second Meeting, holders
of 3,403,976 Ordinary Shares of the Company exercised their right to redeem such shares (the “Second Redemption”) for a pro
rata portion of the funds held in the Trust Account. As a result, approximately $38,852,320.60 (approximately $11.41 per share) was removed
from the Trust Account to pay such holders and approximately $15,240,284 remained in the Trust Account. Following the aforementioned Second
Redemption, the Company had 3,469,450 Ordinary Shares outstanding.

On January 5, 2024, the Company
entered into an Agreement and Plan of Merger (as amended by the First Amendment to Agreement and Plan of Merger dated August 19, 2024,
the “Merger Agreement”) by and among the Company, HCYC Holding Company, a Cayman Islands exempted company (“PubCo”),
ATMC Merger Sub 1 Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of PubCo (“Merger Sub 1”), ATMC
Merger Sub