Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1585

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1585
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 other actions that could materially adversely affect our business, financial condition,
results of operations, reputation and prospects, as well as the trading price of our securities.

56

As
of the date of this Form 10-K, we have not received any inquiry, notice, warning, sanctions or regulatory objection to our Initial Public
Offering from the CSRC or any other PRC governmental authorities.

Our
company is a blank check company incorporated under the laws of the Cayman Islands. We currently do not hold any equity interest in any
PRC company or operate any business in China. Therefore, we are not required to obtain any permission from any PRC governmental authorities
to operate our business as currently conducted. If we decide to consummate our Business Combination with a target business based in and
primarily operating in China, the combined company’s business operations in China through its subsidiaries are subject to relevant
requirements to obtain applicable licenses from PRC governmental authorities under relevant PRC laws and regulations.

If
we select a Business Combination target that operates in the PRC, the approval of the China Securities Regulatory Commission (the “CSRC”),
the Cybersecurity Review Office (“CRO”), the Central Cyberspace Affairs Commission and/or other PRC authority may be required
for our initial business combination under PRC law.

The
Regulations on Mergers and Acquisitions of Domestic Companies by Foreign Investors (the “M&A Rules”) requires overseas
special purpose vehicles that are controlled by PRC companies or individuals formed for the purpose of seeking a public listing on an
overseas stock exchange through acquisitions of PRC domestic companies using shares of such special purpose vehicles or held by their
shareholders as considerations to obtain the approval of the CSRC, prior to the listing and trading of such special purpose vehicle’s
securities on an overseas stock exchange. However, the application of the M&A Rules remains unclear. If CSRC approval is required
for our initial business combination, it is uncertain whether it would be possible for us to obtain the approval. Any failure to obtain
or delay in obtaining CSRC approval for our initial business combination would subject us to sanctions imposed by the CSRC and other
PRC regulatory agencies.

Additionally,
on July 10, 2021, the Cybersecurity Administration of China (“CAC”) released a draft of the revised Cybersecurity Review
Measures for public consultation until July 25, 2021 (the “2021 Measures”). The 2021 Measures apply to any business operator
that