- CEO
- Gan Kim Hai
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 500 5th Avenue New York City NY United States of America 10110
- IPO Date
- Dec 30, 2022
- Business
- AlphaTime Acquisition Corp is a special purpose acquisition company (SPAC) engaged in effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. The company primarily focuses on identifying prospective target businesses with an initial emphasis on opportunities in Asia, excluding entities with operational structures consolidated through a Variable Interest Entity (VIE) in China. AlphaTime operates as a blank check company providing capital, strategic guidance, and operational support to facilitate accretive mergers targeting high-growth companies, particularly in the technology and consumer sectors. Its key products and services include merger facilitation, strategic investment, business combination execution, and operational improvement initiatives aimed at scaling revenue organically and through acquisitions. Founded in 2014, AlphaTime Acquisition Corp is headquartered in New York, NY, and trades on NASDAQ under the ticker ATMCU.
Recent major changes include the extension of its business combination deadline to December 4, 2024, and then further extensions into 2025, allowing more time for completing a merger agreement with HCYC Group Company Limited. The company has continued to address Nasdaq compliance challenges related to minimum public shareholder requirements, receiving extensions to maintain its listing status. Leadership changes occurred with the resignation of CEO Dajiang Guo in early 2025, followed by the appointment of Gan Kim Hai, who brings experience in business development and market expansion in the Asian region. AlphaTime also secured funding arrangements, including promissory notes to support ongoing operational expenses and merger completion efforts. The firm's strategy remains centered on leveraging its management expertise and financial resources to create shareholder value through carefully selected acquisitions and business combinations in Asia and other regions outside China VIE structures.