AlphaTime shareholders approve extension to Oct 2025; ~$38.85M redeemed

ALPHATIME ACQUISITION CORP

Shareholders approved extending business combination deadline up to nine one-month periods to October 4, 2025.
Company must deposit $55,000 per monthly extension into trust; receives unsecured promissory note.
Holders of 3,403,976 shares redeemed for ~$38.85M ($11.41/share) following vote.
Trust account now holds ~$15.24M; outstanding shares reduced to 3,469,450.
Charter and trust agreement amended accordingly; first extension from Jan 4, 2025.

item 1.01 item 2.03 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: Amended the Third Amended and Restated Memorandum and Articles of Association to extend the deadline for consummating a business combination by up to nine months to October 4, 2025 (effective 2024-12-20).

Change: charter amendment
Effective: 2024-12-20

Exact text from the filing

As approved by the Company’s shareholders at the Meeting on December 20, 2024, by special resolution, the Company amended the Company’s Third Amended and Restated Memorandum and Articles of Association (the “ Existing Charter ”) on December 20, 2024, in the form set forth in Annex A to the definitive proxy statement, as supplemented, filed with the Securities and Exchange Commission on December 2, 2024 (the “ Extension Amendment ”), reflecting the extension of the date by which the Company must consummate a business combination from the Termination Date up to nine (9) times, each comprised of one month each (each an “ Extension ”) up to October 4, 2025 (i.e., for a period of time ending up to 33 months after the consummation of its initial public offering (the “ IPO ”)) for a total of nine (9) months after the Termination Date (assuming a business combination has not occurred).

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Source: SEC EDGAR

accession 0001493152-24-052163

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