Company: ATMCW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011749
Chunk: 4

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 4
---
 had 9 months (or up to 18 months,
if we extend the time to complete a business combination) from January 4, 2023, the closing of the Initial Public Offering to consummate
a Business Combination (the “Combination Period”).

    F-6

On September 27, 2023, the Company extended the time
to complete its initial business combination from October 4, 2023 to January 4, 2024 by depositing an aggregate of $690,000 into the Trust
Account. In connection with this extension, on September 26, 2023, the Company also entered into a non-interest bearing promissory note
with the Sponsor for $690,000, is payable on the earlier of January 4, 2025 or promptly after the completion of an initial business combination.
On April 14, 2025, the Company entered into an amended and restated promissory note which extends the maturity date to be due promptly
after the completion of the initial business combination.

At an extraordinary general meeting of shareholders
held on December 28, 2023 (the “Meeting”), the Company adopted the Company’s Third Amended and Restated Memorandum and
Articles of Association (the “Third Amended and Restated Memorandum and Articles of Association”) reflecting the extension
of the date by which the Company must consummate a business combination from January 4, 2024 (the “Termination Date”) up to
ten (10) times, the first extension comprised of three months, and the subsequent nine (9) extensions comprised of one month each (each
an “Extension”) up to January 4, 2025 (i.e., for a period of time ending up to 24 months after the consummation of its Initial
Public Offering for a total of twelve (12) months after the Termination Date (assuming a business combination has not occurred). The Company
also entered into an amendment (the “Trust Agreement Amendment”) to the Investment Management Trust Agreement, dated as of
December 30, 2022, with Equiniti Trust Company, LLC (as amended, the “Trust Agreement”). Pursuant to the Trust Agreement Amendment,
the Company has extended the date by which it has to complete a business combination from the Termination Date up to ten (10) times, with
the first extension comprised of three months, and the subsequent nine (9) extensions comprised of one month each from the Ter