Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 425

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 425
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 and warrants, whereby the PIPE Investors’
$11.5 million in PIPE financing will be exchanged for 1,150,000 ordinary shares and 2,300,000 warrants to purchase ordinary shares of
AlphaTime rather than HCYC Holding Company. Except for the foregoing change in the issuer of the securities and the corresponding amendments
to the Purchase Agreement, PIPE RRA and warrants to reflect this change, all other material terms and conditions of the PIPE financing
remain unchanged, including the purchase price, exercise price, and other economic and contractual provisions of the warrants.

Subsequent to the Form 10-Q filed on August 13, 2025, and through the date of this filing, the Company has borrowed an additional $134,576 from HCYC, consisting of $34,696 to support its working capital needs and $99,880 to fund business combination extension payment.

On October 1, 2025, the Company held an extraordinary
general meeting, solely with respect to voting on (i) the proposal to extend the date by which the Company must complete its initial
business combination from October 4, 2025 to January 4, 2026, with all three (3) extensions comprised of one month each and (ii) the
proposal to amend the Company’s investment management trust agreement, dated as of December 30, 2022, by and between the Company
and Equiniti Trust Company, LLC to allow the Company to extend the Termination Date up to three (3) times, with each extension 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 $55,000 for each
monthly extension until January 4, 2026. In connection with the shareholders’ vote at the Meeting, holders of 917,814 ordinary
shares of the Company exercised their right to redeem such shares for a pro rata portion of the funds held in the Trust Account. As a
result, approximately $11,362,537(approximately $12.38 per share) will be removed from the Trust Account to pay such holders.

| F-40 |

<div align='center'>Report
of Independent Registered Public Accounting Firm</div>

Shareholders and Board of Directors of

HCYC Group Company Limited

Cayman Islands