Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1701

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1701
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 in the Trust Account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by
the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders
(including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining shareholders and our Board, dissolve and liquidate, subject
in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. In such case, our public shareholders may only receive $10.18 per share or less in certain circumstances, and our Warrants and our
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.

If
we seek shareholder approval of our initial business combination, our founders and their affiliates may elect to purchase Ordinary Shares,
Warrants, or Rights from public shareholders, which may influence a vote on a proposed business combination and reduce the public “float”
of our Ordinary Shares, Warrants, or Rights.

If
we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our Business Combination
pursuant to the tender offer rules, our founders or their affiliates may purchase Ordinary Shares, Warrants, or Rights, or a combination
thereof, in privately negotiated transactions or in the open market either prior to or following the completion of our initial business
combination, although they are under no obligation to do so. Such a purchase may include a contractual acknowledgement that such shareholder,
although still the record holder of our shares is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption
rights. In the event that our founders or their affiliates purchase shares in privately negotiated transactions from public shareholders
who have already elected to exercise their redemption rights, such selling shareholders would be required to revoke their prior elections
to redeem their shares. The purpose of such purchases could be to vote such shares in favor of the business combination and thereby increase
the likelihood of obtaining shareholder approval of the business combination, or to satisfy