Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1515

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1515
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 excess with funds not to be held in the Trust Account.
In such case, the amount of funds we intend to be held outside the Trust Account would decrease by a corresponding amount. Conversely,
in the event that the offering expenses are less than our estimate of $525,000 (excluding deferred underwriting discount), the amount
of funds we intend to be held outside the Trust Account would increase by a corresponding amount. If we are required to seek additional
capital, we would need to borrow funds from our founders or their affiliates to operate, or we may be forced to liquidate. None of our
founders nor any of their affiliates is under any obligation to advance funds to us in such circumstances. Any such advances would be
repaid only from funds held outside the Trust Account or from funds released to us upon completion of our initial business combination.
We do not expect to seek loans from parties other than our founders or an affiliate of our founders as we do not believe third parties
will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our Trust Account but in
the event that we seek loans from any third parties, we will obtain a waiver against any and all rights to seek access to funds in our Trust Account. If we are unable to obtain these loans, we may be unable to complete our initial business combination. If we are unable
to complete our initial business combination because we do not have sufficient funds available to us, we will be forced to cease operations
and liquidate the Trust Account. Consequently, our public shareholders may only receive approximately $10.18 per share on our redemption
of our Public Shares, and our Warrants and Rights will expire worthless. In certain circumstances, our public shareholders may receive
less than $10.18 per share on the redemption of their shares. 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.

18

We
do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete
a Business Combination with which a substantial majority of our shareholders do not agree.

Our
Third Amended and Restated Memorandum and Articles of Association, as amended, does not provide a specified maximum redemption threshold,
except that we will only redeem our Public Shares so long as (after such redemption) our