ALPHATIME ACQUISITION CORP 8-K

What Happened

• AlphaTime Acquisition Corp filed an 8-K on April 2, 2026 reporting that shareholders approved amendments on March 27, 2026 to extend the date to complete a business combination. The Company amended its charter and entered into an amendment to the Investment Management Trust Agreement with Equiniti Trust Company, LLC to allow up to eight one‑month extensions, moving the termination date from April 4, 2026 to December 4, 2026.

Key Details

• Extension mechanics: up to eight (8) one‑month extensions, each requiring five days’ advance notice to the trustee and a $15,000 deposit per month into the trust account. Extensions run through December 4, 2026 (if no business combination occurs).
• Trust payment: the $15,000 monthly deposits are exchanged for a non‑interest bearing, unsecured promissory note payable upon consummation of a business combination.
• Charter amendment: the Company’s Third Amended and Restated Memorandum and Articles of Association were amended to reflect the extended termination date.
• Shareholder votes: Extension Amendment approved by special resolution (FOR: 2,136,910; AGAINST: 1,994; ABSTAIN: 15). Trust Agreement Amendment approved by ordinary resolution (FOR: 2,137,195; AGAINST: 1,611; ABSTAIN: 113).
• Redemptions and trust balance: holders redeemed 6,135 ordinary shares for a total of $79,480.65 (≈ $12.96/share). After redemption, $4,762,484.24 remains in the trust account and AlphaTime has 2,545,432 ordinary shares outstanding.

Why It Matters

• The approvals give AlphaTime additional time (monthly up to Dec 4, 2026) to find and close a business combination without liquidating, but the Company must fund the trust at $15,000 per month (in exchange for promissory notes) to do so.
• For investors, the remaining trust balance and the redemption activity are key metrics: they show how much cash remains available per the SPAC’s trust and how many shares remain outstanding if a deal is completed or the trust is liquidated.