Company: ATMCW
Filing Date: 2025-11-19
Form Type: PRE 14A
Source: 0001493152-25-024302
Chunk: 45

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-19
Form: PRE 14A
Chunk 45
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867 remained in the Trust Account. Following the aforementioned Third Redemption, AlphaTime had 2,551,636 ATMC Ordinary Shares outstanding. The Company also entered into a third amendment to the Investment Management Trust Agreement (the “Third Trust Agreement Amendment”). Pursuant to the Third Trust Agreement Amendment, the Company has extended the date by which it has to complete a business combination from the Termination Date up to three (3) times, each comprised of one month each from the termination date, or extended date, as applicable, to January 4, 2026 by providing five days’ advance notice to the trustee prior to the applicable termination date, or extended date, and depositing into the Trust Account an extension payment of $55,000 until January 4, 2026 (assuming a business combination has not occurred) in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation of a business combination.

AlphaTime is proposing to amend its Existing Charter to give the Company the right to extend the Combination Period from January 4, 2026 up to three (3) times for an additional one (1) months each time up to April 4, 2026 by depositing into the Trust Account, for each one-month extension, the Extension Payment two (2) days prior to such Extension. A copy of the proposed Third Amended and Restated Memorandum and Articles of Association of AlphaTime is attached to this Proxy Statement as part of Annex A.

Proposed Business Combination

On January 5 2024, AlphaTime entered into a business combination agreement with PubCo, Merger Sub 1, Merger Sub 2, Merger Sub 3 and HCYC Group.

Pursuant to the terms of the HCYC Business Combination Agreement, (i) AlphaTime will merge with and into Merger Sub 1, with AlphaTime surviving such merger; (ii) AlphaTime will merge with and into Merger Sub 2, with Merger Sub 2 surviving such merger; and (iii) HCYC Group will merge with and into Merger Sub 3, with HCYC Group surviving such merger (collectively, the “ Mergers”). The Merger Agreement and the Mergers were unanimously approved by the boards of directors of each of AlphaTime and HCYC Group.

Reasons for the Extension Amendment Proposal

The Existing Charter currently provides that AlphaTime has until the Termination Date to complete an initial Business Combination. AlphaTime