8-K - ALPHATIME ACQUISITION CORP | StockGist

AI Analysis

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AlphaTime Acquisition Corp shareholders approved an extension of the business combination deadline to December 4, 2026, with 6,135 shares redeemed, leaving $4.76 million in the trust account.

Key Takeaways

1Shareholders approved extending the business combination deadline from April 4, 2026, to December 4, 2026, allowing up to eight one-month extensions.

2The Company must deposit $15,000 into the trust account for each monthly extension, funded via unsecured promissory notes.

3Holders of 6,135 ordinary shares elected to redeem their shares, resulting in a $79,480.65 distribution from the trust account.

4Following redemptions, approximately $4,762,484.24 remains in the trust account, with 2,545,432 ordinary shares outstanding.

5The Third Amended and Restated Memorandum and Articles of Association and the Investment Management Trust Agreement were amended to reflect the extension terms.

Current Report Details

Event Type

Material Agreement+4 More

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

is incorporated by reference to this Item 2.03. | Item 5.03. | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. | |---|---| As approved

Material Agreement

Source Document

2.03

| Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . | |---|---| The disclosure related to the

Financing

5.07

. | Submission of Matters to a Vote of Security Holders. | |---|---| On March 27, 2026, the Company held the Meeting. At the Meeting, the Company’s shareholders

Shareholder Vote

8.01

. | Other Events. | |---|---| In connection with the shareholders’ vote at the Meeting, holders of 6,135 ordinary shares of the Company exercised their right to

Other Event

$79.5K$12.96$4.8M

9.01

| Financial Statements and Exhibits. | |---|---| **(d) Exhibits.** | Exhibit No. | | Description | |---|---|---| | | | | | 3.1 | | Form of Amendment to Third Am

Exhibits Only

Transaction Details

Material Agreement

Agreement: Trust Agreement Amendment
Parties: AlphaTime Acquisition Corp, Equiniti Trust Company, LLC

•Amends the Investment Management Trust Agreement dated December 30, 2022.
•Extends the business combination deadline from April 4, 2026 to December 4, 2026.
•Allows up to eight (8) monthly extensions.
•Requires a $15,000 deposit into the Trust Account for each monthly extension.
•Extension payments are funded by non-interest bearing, unsecured promissory notes payable upon consummation of a business combination.

Debt / Financing

Instrument: Promissory Note
Principal: Up to $120,000 (8 extensions x $15,000)
Rate: Non-interest bearing
Maturity: Payable upon consummation of a business combination
Use of Proceeds: Deposit into the Trust Account for monthly extensions.

Exhibits (3)

10.1

EX-10.1

3.1

EX-3.1

8-K