secwatch.observer — SEC 8-K summary
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Issuer:     ALPHATIME ACQUISITION CORP (—)
CIK:        0001889106
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001493152-24-052163
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889106/000149315224052163/0001493152-24-052163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889106/000149315224052163/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-052163

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