AlphaTime shareholders approve business combination extension to Jan 2025; ~2.16M shares redeemed for $23.3M

ALPHATIME ACQUISITION CORP

Shareholders approved up to 10 monthly extensions from Jan 4, 2024 to Jan 4, 2025, first being 3 months.
2,160,774 shares redeemed at ~$10.78/share, removing ~$23.3M from trust; remaining trust ~$51.1M.
Outstanding ordinary shares after redemptions: 6,873,426.
Company must deposit $55,000 per month into trust for each extension.

item 1.01 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ALPHATIME ACQUISITION CORP: Adopted Third Amended and Restated Memorandum and Articles of Association to extend the deadline for business combination up to January 4, 2025 (effective 2023-12-28).

Change: charter amendment
Effective: 2023-12-28

Exact text from the filing

As approved by the Company’s shareholders at the Meeting on December 28, 2023, by special resolution, the Company deleted the Company’s Second Amended and Restated Memorandum and Articles of Association (the “ Existing Charter ”) on December 28, 2023, in their entirety, and adopted the Company’s Third Amended and Restated Memorandum and Articles of Association in the form set forth in Annex A to the definitive proxy statement filed with the Securities and Exchange Commission on December 8, 2023 (the “ Extension Amendment ”), reflecting the extension of the date by which the Company must consummate a business combination from the Termination Date up to ten (10) times, the first extension comprised of three months, and the subsequent nine (9) extensions comprised of one month each (each an “ Extension ”) up to January 4, 2025 (i.e., for a period of time ending up to 24 months after the consummation of its initial public offering (the “ IPO ”)) for a total of twelve (12) months after the

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ALPHATIME ACQUISITION CORP shareholders approved Extension Amendment Proposal at the 2023-12-28 meeting.

Outcome: passed
Meeting: 2023-12-28

Exact text from the filing

The Extension Amendment Proposal was approved by special resolution of the Company’s shareholders, and received the following votes: FOR AGAINST ABSTAIN 6,048,680 915,964 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ALPHATIME ACQUISITION CORP shareholders approved Adjournment Proposal at the 2023-12-28 meeting.

Outcome: passed
Meeting: 2023-12-28

Exact text from the filing

The Adjournment Proposal was approved by ordinary resolution of the Company’s shareholders, and received the following votes: FOR AGAINST ABSTAIN 6,048,680 915,964 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ALPHATIME ACQUISITION CORP shareholders approved Trust Agreement Amendment Proposal at the 2023-12-28 meeting.

Outcome: passed
Meeting: 2023-12-28

Exact text from the filing

The Trust Agreement Amendment Proposal was approved by ordinary resolution of the Company’s shareholders, and received the following votes: FOR AGAINST ABSTAIN 6,048,680 915,964 0

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-24-001098

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