Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1483

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1483
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.-based Trust Account at Bank of America with Equiniti Trust Company, LLC, acting as
trustee, with approximately $1,725,000 being used to pay fees and expenses in connection with the closing of the Initial Public
Offering, including underwriting commissions, and an estimated $600,000 being available for working capital following the Initial
Public Offering. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company
to pay its tax obligations, the proceeds from the Initial Public Offering and the sale of the Private Placement Units that are
deposited in the Trust Account will not be released from the Trust Account until the earliest to occur of (a) the completion of our
initial business combination, (b) the redemption of any Public Shares properly submitted in connection with a shareholder vote to
amend our Third Amended and Restated Memorandum and Articles of Association (i) to modify the substance or timing of our obligation
to allow redemption in connection with our initial business combination or to redeem 100% of our Public Shares if we do not complete
our initial business combination within 24 months from the closing of this offering (or up to 33 months, if we extend the time to
complete a Business Combination) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial
business combination activity and (c) the redemption of our Public Shares if we are unable to complete our Business Combination
within 24 months from the closing of this offering (or up to 33 months, if we extend the time to complete a Business Combination),
subject to applicable law.

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, which is payable on the earlier of September 30, 2025 or promptly after the completion of an initial business combination.

At
an extraordinary general meeting of shareholders held on December 28, 2023
(the “Meeting”), the Company adopted the Third Amended and Restated Memorandum and Articles of Association (the “Third
Amended and Restated Memorandum and Articles of Association”) reflecting the extension