other_material
confidence high
sentiment neutral
materiality 0.65
AlphaTime Acquisition Corp enters $11.5M PIPE financing for business combination with HCYC
ALPHATIME ACQUISITION CORP
- Issued 1,150,000 ordinary shares at $10.00/share and warrants for up to 2,300,000 shares at $10.00 exercise price.
- PIPE expected to close concurrently with previously announced business combination with HCYC Group Company Limited.
- Amended and restated PIPE agreements added HCYC Holding Company as a party on September 16, 2025.
- PIPE shares and warrants issued in reliance on Section 4(a)(2) and Regulation D; registration rights agreement filed.
- PIPE warrants exercisable immediately upon issuance, term of five years, with customary anti-dilution provisions.
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