Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1487

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1487
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ursuant
to the Merger Agreement, the parties intend to solicit, negotiate and enter into, and include covenants related to, the conduct by the
Company and HCYC to use their commercially reasonable efforts to enter into PIPE Investments (as defined in the Merger Agreement) of
at least $9,000,000.

Concurrently
with the execution of the Merger Agreement, HCYC also entered into a support agreement (the “Shareholder Support Agreement”)
with a certain HCYC shareholder (the “Supporting Shareholder”) with respect to the shares of HCYC currently owned by the
Supporting Shareholder. The Shareholder Support Agreement provides that the Supporting Shareholder will appear at shareholders meetings
of HCYC and vote, consent or approve the Merger Agreement and the Mergers, whether at a shareholder meeting of HCYC or by written consent.
It further provides that the Supporting Shareholder will vote against (or act by written consent against) any alternative proposals or
actions that would impede, interfere with, delay, postpone or adversely affect the Merger or any of the Mergers.

Concurrently
with the execution of the Merger Agreement, the Company entered into a support agreement (the “Sponsor Support Agreement”)
with certain holders (the “Initial Shareholders”) of the Company’s Founder Shares with respect to Founder Shares of
currently owned by the Initial Shareholders. The Sponsor Support Agreement provides that the Initial Shareholders will appear at shareholders
meetings of the Company and vote, consent or approve the Merger Agreement and the Mergers, whether at a shareholder meeting of the Company
or by written consent. It further provides that the Initial Shareholders will vote against (or act by written consent against) any alternative
proposals or actions that would impede, interfere with, delay, postpone or adversely affect the Merger or any of the Mergers.

3

Since
our IPO, our sole business activity has been identifying and evaluating suitable acquisition transaction candidates.

Our
Management Team

For
more information on the experience and background of our management team, see the section entitled “Management.”

Business
Strategy

We
will seek to capitalize on the strength of our management team. Our team consists of experienced financial services, accounting, and
legal professionals, and senior operating executives of companies operating in multiple jurisdictions. Collectively, our officers and
directors have decades of experience in mergers and acquisitions and operating companies. We believe that their