AlphaTime Acquisition Corp is a blank-check company focused on identifying and acquiring a target business, particularly in Asia, with no significant operations or revenue generated to date.

# Company Overview: AlphaTime Acquisition Corp

## General Information
- **Incorporation**: AlphaTime Acquisition Corp is a blank check company incorporated on September 15, 2021, as a Cayman Islands exempted company.
- **Business Purpose**: The primary goal is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (termed as a "Business Combination"). 

## Business Strategy
- **Target Focus**: 
  - The company intends to primarily focus on identifying and acquiring a target business in any industry, with a specific interest in private companies located in Asia.
  - Emphasizes appealing businesses that can benefit from the management team's expertise and capabilities, particularly in accessing U.S. capital markets.
  - The company will not engage in Business Combinations with entities whose operations in China are consolidated through a Variable Interest Entity (VIE) structure.

## Financial Performance
- **Revenue**: The company has generated no revenues to date and does not expect to do so until a Business Combination is consummated.
- **Operating Income**: The company does not expect to generate operating income until after the completion of its Business Combination.
- **Non-Operating Income**: The company generates non-operating income through interest income from proceeds derived from its Initial Public Offering (IPO), which totaled approximately $70 million held in a Trust Account. 

## Capital Structure
- **Founder Shares**: 
  - Initially issued 1,437,500 Founder Shares for $25,000.
  - An additional 287,500 shares were acquired later, totaling 1,725,000 Founder Shares.
- **Initial Public Offering**: 
  - In January 2023, completed an IPO of 6,000,000 units at $10.00 per unit, raising gross proceeds of $60 million, and subsequently raised an additional $9 million through an over-allotment option.
- **Private Placement Units**: Sold 370,500 units to its Sponsor during the IPO, raising $3.7 million. 

## Operations and Employees
- **Employees**: 
  - Currently has two executive officers and does not plan to have any full-time employees prior to the completion of its initial business combination.
- **Customer Base**: 
  - The company does not have any active operations and therefore has no customers as of the latest reporting date. Its primary activity has been identifying potential business combination targets.

## Corporate Governance
- **Headquarters**: The company maintains its executive offices at 500 Fifth Avenue, Suite 928, New York, NY 10110.
- **Management**: The management team consists of experienced professionals in financial services, accounting, and legal sectors, focused on using their expertise to identify suitable acquisition candidates.

## Future Outlook
- The company plans to utilize the strength of its management team to find and execute Business Combinations that meet specific criteria, including strong management capabilities, growth potential, and the ability to generate free cash flow.

Overall, AlphaTime Acquisition Corp is a blank-check company that is preparing to identify and merge with a target business, focusing particularly on opportunities within Asian markets. It currently has no significant operations, revenue, or customers, and relies heavily on the execution of a successful Business Combination to generate income and create value for its shareholders.

AlphaTime Acquisition Corp is a blank check company focused on business combinations with private companies in Asia, having raised $60 million and operational revenue generation pending completion of such transactions.

# AlphaTime Acquisition Corp Overview

**Business Structure and Purpose:**
AlphaTime Acquisition Corp is a blank check company incorporated on September 15, 2021, as a Cayman Islands exempted company. The company's primary objective is to engage in a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses referred to as a “Business Combination.”

**Business Focus:**
- **Target Sector:** The company intends to focus on businesses predominantly in Asia, specifically private companies that have compelling economics, clear paths to positive operating cash flows, significant assets, and strong management teams. Notably, it does not plan to engage with entities that utilize a variable interest entity (VIE) structure for operations in China.

**Financial Performance:**
- **Revenue Generation:** AlphaTime Acquisition Corp has not yet commenced operations and has generated no revenues to date. It does not expect to generate operating revenues until after completing a Business Combination.
- **Funding:** The company raised a total of **$60 million** through its Initial Public Offering (IPO) which was executed on January 4, 2023 (with a subsequent underwriter over-allotment raising an additional $9 million). Approximately **$70 million** was deposited into a U.S.-based trust account.

**Share Capital:**
- **Founder Shares:** The company issued **1,725,000** founder shares, acquired at a nominal price, which could result in substantial profits for the founders even if the business combination declines in value.
- **Public Shares:** Following redemptions after an extraordinary general meeting on December 28, 2023, **6,873,426** ordinary shares remain outstanding.

**Customer and Employee Base:**
- **Employees:** As of December 31, 2023, AlphaTime Acquisition Corp does not have any full-time employees. It is managed by a team of officers and directors, totaling **2 key executives**.
- **Customer Base:** As a blank check company, AlphaTime does not have direct customers but aims to acquire businesses that may subsequently have a varied customer base post-transaction.

**Operating Challenges:**
- As an early-stage and emerging growth company, AlphaTime is subject to various risks, including challenges in identifying appropriate acquisition targets, the potential impacts of the COVID-19 pandemic on operations, and regulatory hurdles, particularly those associated with investments in China.

In summary, AlphaTime Acquisition Corp operates as a vehicle for acquiring and operating businesses with a focus on the Asian market, leveraging the management team's expertise to seek a profitable Business Combination while currently holding no operational revenue or customer base.

ALPHATIME ACQUISITION CORP

10-K / April 15, 2025

10-K / April 15, 2024

10-K / April 15, 2025

Company Overview: AlphaTime Acquisition Corp

General Information

Business Strategy

Financial Performance

Capital Structure

Operations and Employees

Corporate Governance

Future Outlook