- CEO
- Gan Kim Hai
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 500 5th Avenue New York City NY United States of America 10110
- IPO Date
- Jan 19, 2023
- Business
- AlphaTime Acquisition Corp (NASDAQ: ATMC, ATMCU, ATMCR, ATMCW) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company offers no operating products or services and maintains a trust account holding proceeds from its initial public offering for deployment in an initial business combination; its warrants (ATMCW), redeemable units (ATMCU) and rights (ATMCR) provide investors exposure to the potential upside of such a transaction. Incorporated in 2021 and headquartered at 500 5th Avenue, Suite 938, New York, New York, AlphaTime targets businesses primarily in Asia across sectors including fintech, alternative and clean energy, biotech, logistics, industrial software, artificial intelligence and cloud computing, while avoiding targets with China-based variable interest entity structures. Geographically, the company operates from the United States with a strategic focus on Asian opportunities. In January 2024, AlphaTime entered into a merger agreement with HCYC Group Company Limited, a Hong Kong-based insurance broker, valuing the pro forma entity at approximately $96.4 million and contemplating a multi-step business combination through HCYC Holding Company (PubCo), with shareholder approval sought via proxy for an extraordinary general meeting originally scheduled for December 5, 2025; the deal includes up to $75.0 million in equity consideration for HCYC holders, potential earnout shares tied to 2024-2025 net income milestones, and PIPE financing commitments of at least $11.5 million, amended in August 2024, though the transaction remains pending as of late 2025; additionally, the company extended its business combination deadline multiple times, regained Nasdaq compliance in July 2025 by transferring to the Nasdaq Capital Market, and filed updated quarterly and annual reports through mid-2025 reflecting ongoing pre-merger operations.