Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 148

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 148
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 resulting from the Business Combination, and does not consider potential impacts of current market conditions on revenue or expense. The Unaudited Pro Forma Condensed Combined Financial Statements are based in part on certain assumptions that we believe are reasonable under the circumstances. These assumptions may not prove to be accurate over time.

You are being offered a fixed number PubCo Ordinary Shares, which involves the risk of market fluctuations.

You will receive a fixed number of PubCo Ordinary Shares in the Business Combination, rather than PubCo Ordinary Shares with a fixed market value. Consequently, the market value of PubCo Ordinary Shares, and of the ATMC Ordinary Shares at the time of the completion of the Business Combination, may fluctuate significantly from the date of this proxy statement/prospectus, and the exchange ratio in the Business Combination might not be reflective of future market price ratios of PubCo relative to AlphaTime securities. In addition, the market price of ATMC Ordinary Shares may be adversely affected by arbitrage activities occurring prior to the completion of the Business Combination. These sales, or the prospects of such sales in the future, could adversely affect the market price for, and the ability to sell in the market, ATMC Ordinary Shares before the Business Combination is completed and PubCo Ordinary Shares after the Business Combination is completed.

Your ownership percentage in PubCo will be less than the ownership percentage you currently hold in AlphaTime.

Your ownership percentage in PubCo Ordinary Shares following the Business Combination will be less than your existing ownership percentage in AlphaTime as a result of dilution attributable to the relative equity values of the companies involved in the Business Combination. Immediately after the Business Combination, assuming no redemptions by existing AlphaTime shareholders, it is anticipated that (i) the former shareholders of AlphaTime will hold as a group approximately 27% of the PubCo Ordinary Shares and (ii) the current shareholders of HCYC will hold as a group approximately 63% of the outstanding capital stock of PubCo. As a result, you may have less influence over matters submitted to a vote of PubCo shareholders. For additional information, see the section entitled “ The Business Combination Proposal-Voting Power, Implied Ownership and Implied Share Values of PubCo Upon Consummation of the Business Combination.”

The Initial Mergers may be a taxable event for U.S. Holders of ATMC Ordinary Shares, Public Rights or Public Warrants.

Subject to the limitations and qualifications described in the section entitled “ The Business Combination Proposal - Background of the Business Combination - Material Tax Considerations - Material