ALPHATIME ACQUISITION CORP C/WTS 01/03/2028 (TO PUR ORD) | 10-Q: FY2025 Q3 Revenue: USD 0

LB filings
2025.11.18 22:21

Revenue: As of FY2025 Q3, the actual value is USD 0.

EBIT: As of FY2025 Q3, the actual value is USD -163.26 K.

Segment Revenue

  • AlphaTime Acquisition Corp has not generated any operating revenues as of September 30, 2025, and does not expect to generate operating revenues until the completion of its initial business combination.

Operational Metrics

  • For the three months ended September 30, 2025, AlphaTime reported a net income of $165,713, which includes formation and operating costs of $1,227 and income earned on the Trust Account of $164,486.
  • For the nine months ended September 30, 2025, the company reported a net income of $156,367, with formation and operating costs amounting to $472,179 and income earned on the Trust Account of $628,546.
  • For the three months ended September 30, 2024, AlphaTime reported a net income of $404,367, with formation and operating costs of $280,163 and income earned on the Trust Account of $684,530.
  • For the nine months ended September 30, 2024, the company reported a net income of $1,232,002, with formation and operating costs of $915,533 and income earned on the Trust Account of $2,147,535.

Cash Flow

  • As of September 30, 2025, AlphaTime had a cash balance of $1,281 and a working capital deficit of $3,941,880.
  • Net cash provided by operating activities for the nine months ended September 30, 2025, was $154,795, compared to net cash used in operating activities of - $36,081 for the same period in 2024.
  • Net cash used in investing activities for the nine months ended September 30, 2025, was - $154,939, compared to net cash provided by investing activities of $22,862,146 for the same period in 2024.
  • Net cash used in financing activities for the nine months ended September 30, 2025, was $0, compared to - $22,839,646 for the same period in 2024.

Unique Metrics

  • The company has extended the timeline for completing its business combination multiple times, with the latest extension allowing for completion by October 4, 2025.

Future Outlook and Strategy

  • AlphaTime Acquisition Corp plans to consummate a business combination with HCYC Group Company Limited, which is expected to be completed after obtaining the required shareholder approvals and satisfying customary closing conditions.
  • The company has entered into Securities Purchase Agreements to issue and sell $11.5 million of ordinary shares and accompanying warrants in a private placement, which is expected to close concurrently with the business combination.
  • AlphaTime has extended the date by which it must complete a business combination multiple times, with the latest extension allowing for completion by October 4, 2025, and has entered into agreements to further extend the timeline if necessary.
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