Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1708

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1708
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 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 net tangible assets will be at least $5,000,001
either immediately prior to or upon consummation of our initial business combination and after payment of underwriters’ fees and
commissions (such that we are not subject to the SEC’s “penny stock” rules). As a result, we may be able to complete
our Business Combination even though a substantial majority of our public shareholders do not agree with the transaction and have redeemed
their shares or, if we seek shareholder approval of our initial business combination and do not conduct redemptions in connection with
our Business Combination pursuant to the tender offer rules, have entered into privately negotiated agreements to sell their shares to
our founders, advisors or their affiliates. In the event