Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1694

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 1694
---
 not hold a shareholder vote to approve our initial business combination unless the business combination would require shareholder
approval under applicable law or stock exchange listing requirements or if we decide to hold a shareholder vote for business or other
legal reasons. Except as required by law, the decision as to whether we will seek shareholder approval of a proposed business combination
or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based
on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would otherwise require us to
seek shareholder approval. Accordingly, we may complete our initial business combination even if holders of a majority of our Public
Shares do not approve of the business combination we complete.

If
we seek shareholder approval of our initial business combination, our Initial Shareholders have agreed to vote in favor of such initial
business combination, regardless of how our public shareholders vote.

Unlike
many other blank check companies in which the Initial Shareholders agree to vote their Founder Shares in accordance with the majority
of the votes cast by the public shareholders in connection with an initial business combination, our Initial Shareholders have agreed
to vote their Founder Shares and private shares, as well as any Public Shares purchased during or after our Initial Public Offering,
in favor of our initial business combination.

As
a result, in addition to our Initial Shareholders’ Founder Shares, we do not need any of the 3,469,450 Public Shares sold in our
Initial Public Offering to be voted in favor of an initial business combination in order to have our initial business combination approved
(assuming all outstanding shares are voted). Our Founder Shares and private shares will represent 61.5% of our outstanding Ordinary Shares
following the completion of our Initial Public Offering and taking into account redemptions by Public Shareholders in connection with
the Meetings. Accordingly, if we seek shareholder approval of our initial business combination, it is more likely that the necessary
shareholder approval will be received than would be the case if our founders agreed to vote their Founder Shares and private shares in
accordance with the majority of the votes cast by our public shareholders.

11

Your
only opportunity to affect the investment decision regarding a potential business combination will be limited to the exercise of your
right to redeem your shares from us for cash, unless we seek shareholder approval of the business combination.

Shareholders
will not be provided with an opportunity to evaluate the specific merits or risks of one or more