Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 161

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 161
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 May 31, 2022 and amended and restated again on October 20, 2022 to change the May 31, 2022 due date to December 31, 2022.
The Promissory Note was non-interest bearing and payable on the earlier of (i) December 31, 2022, or (ii) the consummation of the IPO.

On
September 27, 2023, the Company notified Equiniti Trust Company, the trustee of the Company’s trust account (the “Trust Account”),
that it was extending the time available to the Company to consummate its initial business combination from October 4, 2023, to January
4, 2024 (the “Extension”). The Extension is the first of up to three (3) three-month extensions permitted under the Company’s
governing documents.

On
September 27, 2023, the Company extended the time to complete its initial business combination from October 4, 2023 to January 4, 2024
by depositing an aggregate of $690,000
into the Trust Account. In connection with this extension,
on September 26, 2023, the Company also entered into a non-interest bearing promissory note with the Sponsor for $690,000,
that is payable on the earlier of January 4, 2024 or promptly after the completion of an initial business combination. On April 12, 2024,
the Company amended and restated the promissory note to extend the maturity date to the earlier of January 4, 2025 or promptly after
the date of the consummation of the business combination. On April 14, 2025, the promissory note was further amended and restated to
extend the maturity date to promptly after the date the business combination is consummated. On January 4, 2024, the Company raised $2,500
from the sponsor against a promissory note for working capital purposes and further raised an additional $20,000 on February 20, 2024,
bringing the total drawdown beyond the original principal amount of $690,000. On January 4, 2024, the Company deposited $165,000
into the Trust Account to extend the deadline
to complete the business combination from January 4, 2024 to April 4, 2024. In connection with this extension, on December 28, 2023