Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1509

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1509
---
 transactions or in the open market either prior to or following the completion of our initial business
combination, although they are under no obligation to do so. Such a purchase may include a contractual acknowledgement that such shareholder,
although still the record holder of our shares is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption
rights. In the event that our founders or their affiliates purchase shares in privately negotiated transactions from public shareholders
who have already elected to exercise their redemption rights, such selling shareholders would be required to revoke their prior elections
to redeem their shares. The purpose of such purchases could be to vote such shares in favor of the business combination and thereby increase
the likelihood of obtaining shareholder approval of the business combination, or to satisfy a closing condition in an agreement with
a target that requires us to have a minimum net worth or a certain amount of cash at the closing of our Business Combination, where it
appears that such requirement would otherwise not be met. This may result in the completion of our Business Combination that may not
otherwise have been possible.

In
addition, if such purchases are made, the public “float” of our Ordinary Shares, Warrants, or Rights and the number of beneficial
holders of our securities may be reduced, possibly making it difficult to obtain or maintain the quotation, listing or trading of our
securities on a national securities exchange.

15

If
a shareholder fails to receive notice of our offer to redeem our Public Shares in connection with our Business Combination or fails to
comply with the procedures for tendering its shares, such shares may not be redeemed.

We
will comply with the tender offer rules or proxy rules, as applicable, when conducting redemptions in connection with our Business Combination.
Despite our compliance with these rules, if a shareholder fails to receive our tender offer or proxy materials, as applicable, such shareholder
may not become aware of the opportunity to redeem its shares. In addition, the tender offer documents or proxy materials, as applicable,
that we will furnish to holders of our Public Shares in connection with our initial business combination will describe the various procedures
that must be complied with in order to validly tender or redeem Public Shares. For example, we may require our public shareholders seeking
to exercise their redemption rights, whether they are record holders or hold their shares in “street name,” to either tender
their certificates to our transfer agent prior to the date set forth in the tender offer documents mailed to such holders, or up to two
business days prior to the