阿尔法时间收购有限公司2025年季度报告

FORM10-Q ALPHATIME ACQUISITION CORP (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No As of May 20, 2025, there were3,469,450ordinary shares, par value $0.0001issued and outstanding. TABLE OF CONTENTS ALPHATIME ACQUISITION CORPNOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS Note 1 -Description of Organization, Business Operations and Liquidity 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 similarbusiness combination with one or more businesses (the “Business Combination”). The Company is not limited to a particular industry As on March 31, 2025, the Company had not commenced any operations. All activities for the period from September 15, 2021(inception) through March 31, 2025 relates to the Company’s organizational activities, those necessary to prepare for and complete theinitial public offering (“IPO”), identifying a target company for a business combination and activities in connection with the businesscombination. The Company will not generate any operating revenues until the completion of its initial Business Combination, at the The Company’s sponsor is Alphamade Holding LP, a Delaware limited partnership (the “Sponsor”). The registration statement for theCompany’s IPO was declared effective on December 30, 2022 (the “Effective Date”). On January 4, 2023, the Company consummatedthe IPO of6,000,000units (the “Units”). Each Unit consists of one ordinary share of the Company, par value $0.0001per share (the“Ordinary Shares”), one redeemable warrant (the “Warrants”) and one right (the “Rights”), with each Right entitling the holder thereofto receive one-tenth of one Ordinary Share upon the completion of an initial Business Combination, subject to adjustment. The Unitswere sold at a price of $10.00per Unit, generating gross proceeds to the Company of $60,000,000. On January 6, 2023, Chardan Simultaneously with the closing of the IPO, the Company completed the sale of370,500private units to the Sponsor (the “PrivateUnits”) at a purchase price of $10.00per Private Unit, generating gross proceeds to the Company of $3,705,000. Simultaneously withthe closing of the Overallotment, the Company completed the private sale of an additional38,700Private Units, at a purchase price of$10.00per Private Unit, generating additional gross proceeds to the Company of $387,000. Transaction costs amounted to $4,892,699 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 atU.S. Bank maintained by Equiniti Trust Company, acting as trustee and will be invested only in U.S. government securities, within themeaning set forth in Section 2(a)(16) of the Investment Company Act, having a maturity of 180 days or less or in money market fundsmeeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. 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 onlycomplete a Business Combination if the post-Business Combination company owns or acquires50%or more of the issued and The Company will provide the holders of the outstanding Public Shares (the “Public Shareholders”) wi