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

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 15
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 The
Company paid a cash underwriting commission of $0.125 per Unit for 900,000 additional Units and the underwriters will be entitled to a
deferred commission of $0.35 per Unit, an aggregate of $2,415,000, which will be paid from the funds held in the Trust Account upon completion
of the initial business combination.

Concurrent with the closing of the IPO, our Sponsor,
at the option of the Company, sold to the underwriter or its designees 115,500 Founder Shares for a purchase price of $2.00 per share
and an aggregate purchase price of $231,000.

We have agreed to sell to the underwriters, for $100.00,
an option to purchase up to a total of 58,000 Units exercisable, in whole or in part, at $11.50 per unit (or 115% of the Market Value),
commencing on the consummation of our initial business combination, and expires five years from the effective date of the IPO. The option
and the 58,000 Units, as well as the 58,000 ordinary shares, the warrants to purchase 58,000 ordinary shares that may be issued upon exercise
of the option and the rights to purchase 5,800 ordinary shares upon the completion of an initial business combination, have been deemed
compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective date of the
registration statement or the commencement of sales in the IPO pursuant to Rule 5110(e)(1) of FINRA’s Rules, during which time the
option may not be sold, transferred, assigned, pledged or hypothecated, or be subject of any hedging, short sale, derivative or put or
call transaction that would result in the economic disposition of the securities, except as permitted under FINRA Rule 5110(e)(2).

Advisory Services Agreement

The Company engaged TenX Global Capital LP (“TenX”),
a related party to the Company, as an advisor in connection with the Initial Public Offering and business combination, to assist in hiring
consultants and other services providers in connection with our Initial Public Offering and the business combination, assist in the preparation
of financial statements and other relevant services to commence trading including filing the necessary documents as
part of the transaction. Further, TenX will assist in preparing the Company for investor presentations, conferences for due diligence,
deal structuring and term negotiations