阿尔法时间收购有限公司2025年季度报告

Or Item 2.Unregistered Sales of Equity Securities F-3 For the threemonths endedMarch 31, 2025For the threemonths endedMarch 31, 2024 Adjustments to reconcile net income to net cash used in operating activities:Income earned on Trust Account(301,371)(787,168)Changes in current assets and liabilities:Prepaid expenses(60,048)Accrued offering costs and expenses391Due to HCYC141,811 Principal deposited in Trust Account$(54,979)$Cash withdrawn from Trust Account in connection with redemption-23,302,146Net cash provided by (used in) investing activities$(54,979)$23,137,146Cash Flows from Financing Activities:Proceeds from issuance of promissory note to related party- redemption$54,979$Subsequent measurement of ordinary shares subject to possible redemption$301,371$The accompanying notes are an integral part of these unaudited condensed financial statements. AlphaTime Acquisition Corp (the “Company”) was incorporated in the Cayman Islands onSeptember 15, 2021. The Company wasformed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is not limited to a particular industryor sector for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and,as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. combination. The Company will not generate any operating revenues until the completion of its initial Business Combination, at theearliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the IPO. TheCompany has selected December 31 as its fiscal year end.The Company’s sponsor is Alphamade Holding LP, a Delaware limited partnership (the “Sponsor”). The registration statement for the purchase an additional900,000Units at a public offering price of $10.00per Unit, generating additional gross proceeds to theCompany of $9,000,000. Following the closing of the IPO and the sale of over-allotment units, an aggregate of $70,242,000of the proceeds from the IPO andthe sale of the Private Units (including the Overallotment of the Units and Private Units) were placed in a U.S.-based Trust Account at government treasury obligations. Except with respect to income earned on the funds held in the Trust Account that may be released tothe Company to pay income tax obligations, the proceeds from the IPO will not be released from the Trust Account until the earlier ofthe completion of a Business Combination or the Company’s liquidation.The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the sale ofPrivate Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a BusinessCombination. The stock exchange listing rules require that the Business Combination must be with one or more operating businessesor assets with a fair market value equal to at least90%of the assets held in the Trust Account (as defined below) (excluding theamount of deferred underwriting commissions and taxes payable on the income earned on the Trust Account). The Company will only will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be$10.18per Public Share, plus any pro rata interest then in the Trust Account, net of taxes payable). The Public Shares subject toredemption will be recorded at a redemption value and classified as temporary equity upon the completion of the IPO in accordancewith the Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”The Company will not redeem Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001(so that it pursuant to the tender offer rules of the Securities and Exchange Commission (the “SEC”), and file tender offer documents containingsubstantially the same information as would be included in a proxy statement with the SEC prior to completing a BusinessCombination. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor has agreed to voteits Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the IPO in favor of approving a BusinessCombination. Additionally, each Public Shareholder may elect to redeem their Public Shares, without voting, and if they do vote,irrespective of whether they vote for or against an initial business combination. Memorandum and Articles of Association (i) to modify the substance or timing of the Company’s obligation to allow redemption inconnection with the Company’s initial business combination or to redeem 100% of the Public Shares if the Company does notcomplete a Business Combination within the Combination Period (a