Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 242

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 242
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                       |      10.00 |   |
| Dilution                                                                              
 in offering price per share                                                           |     | $                   |      (9.42 | ) |     | $                   |      (9.60 | ) |     | $                   |      (9.69 | ) |     | $                       |      (9.78 | ) |
| Net                                                                                   
 tangible book value per share                                                         |     | $                   |       0.58 |   |     | $                   |       0.40 |   |     | $                   |       0.31 |   |     | $                       |       0.22 |   |

| (1) | Maximum                                                                                            
 Redemption Scenario: This presentation assumes a redemption scenario in which 99.7% of AlphaTime’s 
 public shareholders exercise their redemption rights, in which AlphaTime is expected to achieve    
 a minimum of $5,000,001 in net tangible assets (the “NTA”). The                                    
 Company and AlphaTime intend to obtain additional financing in connection with the Business        
 Combination to be in compliance with the net tangible assets requirement of Nasdaq.                |

The
table below does not include (i) 6,900,000 PubCo Ordinary Shares that underlie AlphaTime’s public warrants, (ii) 409,200 PubCo
Ordinary Shares that underlie AlphaTime’s private placement warrants and (iii) the 1,500,000 Earnout Shares (collectively, the
“Dilutive Interests”), in each case because none of the Dilutive Interests are exercisable or issuable immediately
following the consummation of the Business Combination.

| 132 |

|                                 |     | No Further Redemption Scenario |            |     |                                        |     |     | 50% Redemption Scenario |            |     |                                        |     |     | 75% Redemption Scenario |            |     |                                        |     |     | 100% Redemption Scenario(5) |            |     |                                        |     |
|                                 |     | PubCo                          
 Ordinary Shares                |            |     | Voting Power and Implied Ownership (%) |     |     | PubCo                   
 Ordinary Shares         |            |     | Voting Power and Implied Ownership (%) |     |     | PubCo                   
 Ordinary Shares         |            |     | Voting Power and Implied Ownership (%) |     |     | PubCo                       
 Ordinary Shares             |            |     | Voting Power and Implied Ownership (%) |     |
| Public