Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 16

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 16
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% of the public shares, then any such shares in excess of that 15% limit would not be redeemed for cash.

The Sponsor and each of the AlphaTime officers and directors have agreed to, among other things, vote all of their ATMC Ordinary Shares in favor of the proposals being presented at the Extraordinary General Meeting and waive their redemption rights with respect to their ATMC Ordinary Shares in connection with the consummation of the Business Combination. As of the date of the accompanying proxy statement/prospectus, on an as-converted basis, the Sponsor owns approximately 61.5% of the issued and outstanding ATMC Ordinary Shares. The Merger Agreement is subject to the satisfaction or waiver of certain other closing conditions as described in the accompanying proxy statement/prospectus. There can be no assurance that the parties to the Merger Agreement would waive any such closing condition. In addition, in no event will AlphaTime redeem public shares in an amount that would cause AlphaTime’s net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) to be less than US$5,000,001 after giving effect to the transactions contemplated by the Merger Agreement.

On September 28, 2021, the Sponsor acquired 1,437,500 ATMC Ordinary Shares for an aggregate purchase price of $25,000. On January 8, 2022, the Sponsor acquired an additional 287,500 ATMC Ordinary Shares for no additional consideration, resulting in the sponsor holding an aggregate of 1,725,000 ATMC Ordinary Shares. Prior to the initial investment in the company of $25,000 by the sponsor, AlphaTime had no assets, tangible or intangible. The number of founder shares issued was determined based on the expectation that such founder shares would represent approximately 20% of the outstanding shares upon completion of the IPO (excluding the private shares and shares underlying the IPO). Concurrent with the closing of the IPO, the Sponsor sold to Chardan or its designees 132,825 of these ATMC Ordinary Shares at a purchase price of $2.00 per share and an aggregate purchase price of $265,650.

On November 9, 2021,
AlphaTime entered into an agreement with TenX Global Capital LP (“TenX”) to provide AlphaTime with advisory
service in connection with its Initial Public Offering and business combination, to assist in hiring consultants and other service providers
and other relevant services to commence trading including filing the necessary documents