other material
confidence high
sentiment neutral
materiality 0.55
AlphaTime shareholders approve extension of business combination deadline to Dec 4, 2026; 6,135 shares redeemed
ALPHATIME ACQUISITION CORP
- Shareholders approved extension up to eight monthly extensions from April 4 to December 4, 2026.
- Company must deposit $15,000 per monthly extension into trust account; pays with unsecured promissory note.
- Redemption of 6,135 shares for ~$79,480 ($12.96/share); remaining trust $4,762,484.
- Post-redemption shares outstanding: 2,545,432 ordinary shares.
- Trust agreement and charter amended to reflect extension terms.